Bitcoin Price Crash: Expert Reveals Where Whales Will Be Buying

Crypto pundit MMBTrader advises investors to wait for the Bitcoin price to crash below $90,000 before buying, as this could be the 'whale buy zone'. This level is near the 0.38 and 0.5 Fibonacci levels, where price corrections have historically ended, and is expected to boost momentum. Newer traders may panic and sell their tokens for a 15-40% loss, but the Bitcoin price is expected to pump and reach a new all-time high of $130,000-$140,000.

Bitcoin (BTC) continues to draw attention from crypto pundits and investors alike. Crypto analyst MMBTrader recently advised investors to wait for the Bitcoin price to crash below $90,000 before buying, as this level could represent the 'whale buy zone'. This strategic advice is based on historical price corrections that have ended near the 0.38 and 0.5 Fibonacci levels, according to a Bitcoinist report.

According to MMBTrader, newer traders may panic and sell their tokens for a 15-40% loss, but the Bitcoin price is expected to pump and reach a new all-time high of $130,000-$140,000. The analyst's recommendation is rooted in the belief that major holders will start accumulating Bitcoin at these lower levels, providing a significant boost to the market momentum.

The Bitcoin market has been volatile in recent months, with the price fluctuating between $80,000 and $90,000. This volatility has created an environment where investors are cautious about entering the market, waiting for a potential buying opportunity. The advice from MMBTrader suggests that investors should be patient and wait for a price correction before entering the market.

In addition to MMBTrader's advice, it is essential to consider the broader market conditions and the potential impact of other factors on the Bitcoin price. The ongoing development of Bitcoin's ecosystem and the increasing institutional interest in the cryptocurrency could also influence the price movement.

In conclusion, MMBTrader's advice to wait for the Bitcoin price to crash below $90,000 before buying is a strategic move based on historical price corrections. However, investors should consider the broader market conditions and other factors that could impact the Bitcoin price before making any investment decisions.