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Crypto analyst Crypto Patel has outlined a scenario in which Bitcoin could rally to $300,000, while also suggesting investors may be able to buy at lower levels. In his view, BTC would first decline to $44,000 before any sustained upside.
In an X post, Crypto Patel described a step-by-step path for Bitcoin’s price action. He said BTC is likely to bounce into the $89,300 to $98,000 range, which he identified as a higher-timeframe bearish order block.
After that bounce, Patel predicted rejection from the $89,300 to $98,000 zone. He then projected a final leg down to $44,000, which he linked to the 0.5 Fibonacci retracement level.
Crypto Patel characterized the move to $44,000 as a “gift” rather than a crash, arguing that the level could support healthy long-term growth. He also referred to $44,000 as a “reset level,” advising market participants not to miss the opportunity if Bitcoin trades at $44,000 or below.
In the accompanying chart, Patel indicated that Bitcoin could reach $300,000 between 2027 and 2028.
Separately, analyst Colin suggested that the very bottom of a “green band,” currently at $42,000, could be a reasonable area to look for a Bitcoin cycle bottom. However, he noted that the band could move lower as the bear market progresses.
Based on that view, Colin said $35,000 could be a more reasonable level for Bitcoin to bottom.
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