• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Bitcoin Pushes Higher – $120K Next Milestone in Sight

2025-07-11

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

2025-07-10

Tokenized Stock EXPLOSION: Solana RWAs & Equities Will TAKE OVER!

2025-07-10

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09

    Crypto Risk Management Strategies for Trading (2025)

    2025-07-07
  • Videos

    Bitcoin Pushes Higher – $120K Next Milestone in Sight

    2025-07-11

    Tokenized Stock EXPLOSION: Solana RWAs & Equities Will TAKE OVER!

    2025-07-10

    How To Mine Bitcoin At Home

    2025-07-10

    Time Is Running Out to Accumulate Bitcoin at These Levels

    2025-07-09

    Korea Goes ALL IN On Crypto: ETFs, Institutions, XRP & More!

    2025-07-09
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Bitcoin»Bitcoin To $45,000 Or $30,000? Analyst Reveals Key Factor That Will Drive The Decision
Bitcoin

Bitcoin To $45,000 Or $30,000? Analyst Reveals Key Factor That Will Drive The Decision

2024-02-05No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The flagship cryptocurrency, Bitcoin, looks to be at a crossroads as it continues to trade flat, indecisive about whether to move downward or upward. Commenting on this current price action, crypto analyst Eric Krown Crypto reveals key factors that will decide Bitcoin’s next move. 

Bitcoin In “Outlier Land”

In a video posted on his YouTube channel, Eric Krown used the Stochastic indicator to analyze Bitcoin’s current price and predict what direction the crypto token was likely headed. Based on his analysis, Krown noted that the current Stochastic level was pointing to a potential correction that was well overdue for Bitcoin. 

The analyst claimed that a correction would likely see Bitcoin drop to the $30,000 range, with him marking the $28,000 price level as the “worst-case scenario.” Meanwhile, he noted that the 5-day HPDR bands were still showing that the median was around $44,500. As such, he expects that BTC could still see a move to that price level or $45,000 in the short term. 

Krown believes that Bitcoin staying below $46,000 means that the correction is likely to come at some point, hinting that Bitcoin could end up closing February in the red. However, a move above $46,000 will validate a move to the upside, with the crypto token likely to rise above $50,000 and climb to as high as $53,000, the analyst claimed. 

BTC To Follow History Or Defy Expectations? 

Krown also alluded to historical data to prove that Bitcoin’s monthly close in the red was imminent. He stated that Bitcoin usually averaged about three consecutive three months in the green before having a red month. The longest number of months in which Bitcoin has gone in the green is said to be seven. 

See also  Is Bitcoin A Buy Or Sell? Ark Invest Shares Market Analysis

Therefore, he was suggesting that it wasn’t out of place for February to be a red month for the flagship crypto token, considering that it has ended every month in the green since September. Those gains came largely due to the excitement over the potential approval of the Spot Bitcoin ETFs. 

Bitcoin has recently continued to defy expectations, and there is the possibility that February could still end up being a bullish month for BTC. Interestingly, data from Coinglass shows that February (alongside October) is the most bullish month for the flagship crypto token, with Bitcoin closing February in the red on just two occasions. 

At the time of writing, Bitcoin is back above $43,000, up in the last 24 hours, according to data from CoinMarketCap. 

Bitcoin price chart from Tradingview.com

BTC price trending at $43,100 | Source: BTCUSD on Tradingview.com

Featured image from Milk Road, chart from Tradingview.com

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Analyst Bitcoin Decision drive Factor Key reveals
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Pushes Higher – $120K Next Milestone in Sight

2025-07-11

How To Mine Bitcoin At Home

2025-07-10

Time Is Running Out to Accumulate Bitcoin at These Levels

2025-07-09

Don’t Miss These Bullish Events That Will Help Bitcoin

2025-07-08
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Altcoins

Cardano (ADA) Price is All Set to Ignite 44% Rally – Here Are the Watch Levels

2023-04-13

The price of Cardano has seen a dramatic increase in the recent few days. Following…

Altcoins

Circle will cover funds shortfall caused by Silicon Valley Bank collapse

2023-03-11

Circle stated that it initiated to transfer of $3.3 billion funds remaining in SVB However,…

Google Cloud partners with Tezos blockchain to develop Web3 tech

2023-02-24

Google’s cloud computing arm has added another string to its Web3 bow, with a new…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Bitcoin Pushes Higher – $120K Next Milestone in Sight

2025-07-11

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

2025-07-10

Tokenized Stock EXPLOSION: Solana RWAs & Equities Will TAKE OVER!

2025-07-10

How To Mine Bitcoin At Home

2025-07-10
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 118,071.63
ethereum
Ethereum (ETH) $ 2,973.47
xrp
XRP (XRP) $ 2.82
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 694.32
solana
Solana (SOL) $ 162.65
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.202267
tron
TRON (TRX) $ 0.305266
staked-ether
Lido Staked Ether (STETH) $ 2,972.38
bitcoin
Bitcoin (BTC) $ 118,071.63
ethereum
Ethereum (ETH) $ 2,973.47
xrp
XRP (XRP) $ 2.82
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 694.32
solana
Solana (SOL) $ 162.65
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.202267
tron
TRON (TRX) $ 0.305266
staked-ether
Lido Staked Ether (STETH) $ 2,972.38