VERY SMALL CHANCE BTC PRICE COULD HIT $24K, SAYS TRADER AS US DOLLAR COOLS

The rollercoaster ride of Bitcoin (BTC) continues, leaving investors and traders alike on the edge of their seats.Recent market activity has been characterized by both dramatic dips and fleeting moments of recovery, all under the watchful eye of a fluctuating US dollar.Amidst this volatility, one analyst, known as Crypto Ed, has offered a cautious perspective: while acknowledging the possibility of a further correction, he suggests that there's a very small chance that the BTC price could hit $24K. Bitcoin (BTC) fought to reclaim $20,000 on the July 12 Wall Street open as the U.S. dollar cooled its surge to new two-decade highs.BTC/USD 1-hour can Monday, March 18 2025 Search forThis forecast comes as the US dollar experiences a period of relative cooling, potentially providing a temporary reprieve for Bitcoin and other risk assets. Menu. Home; Bitcoin Chart; Cryptocurrency News; Live PricesBut what factors are contributing to this complex market dynamic? See full list on cointelegraph.comWhat are the key levels to watch for, and what does this mean for the future of Bitcoin investing? A pause in dollar strength allows Bitcoin price action to stem losses but the outlook is anything but positive analysts warn Bitcoin BTC fought to reclaim 20 000 onThis article delves into the analysis, exploring the potential scenarios and offering insights into navigating the current crypto landscape.We'll examine the interplay between the dollar's strength, technical indicators like Elliott Wave analysis, and the overall sentiment surrounding Bitcoin's path forward. 'Very small chance' BTC price could hit $24K, says trader as US dollar cools 日本 ニュース ニュースFrom optimistic predictions of six-figure valuations to the harsh realities of market corrections, we'll break down the key elements influencing Bitcoin's price and help you understand the current state of the market.

Bitcoin Fights to Reclaim Ground as Dollar Eases

In recent trading sessions, Bitcoin has struggled to maintain its position, facing significant headwinds from a strong US dollar. 'Very small chance' BTC price could hit $24K, says trader as US dollar coolsHowever, a recent pause in the dollar's relentless surge has provided a window of opportunity for BTC to attempt a recovery.On July 12th, as the Wall Street market opened, Bitcoin battled to reclaim the $20,000 level. Crypto Celebrity Endorsements: Influencers in the Bitcoin Casino Space CoinJournal. Aug. 6 Questions for Leila Ismailova. Aug. Home. 2025.This was largely attributed to the US dollar cooling off after reaching two-decade highs.The inverse correlation between the dollar and Bitcoin, where a stronger dollar typically puts downward pressure on BTC, is a crucial factor to consider.

The U.S. A pause in dollar strength allows Bitcoin price action to stem losses, but the outlook is anything but positive, analysts warn. Bitcoin (BTC) fought to reclaim $20,000 on the July 12 Wall Street open as the U.S. dollar cooled its surge to new two-decade highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar bull run takes fresh breather Data from Cointelegraph Markets ProDollar Index (DXY), a measure of the dollar's strength against a basket of other currencies, had been on a tear, reaching levels not seen in years. Bitcoin (BTC) fought to reclaim $20,000 on the July 12 Wall Street open as the U.S. dollar cooled its surge to new two-decade highs.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDollar 'Very small chance' BTC price could hit $24K, says trader as US dollar coolsThis surge put considerable strain on risk assets like Bitcoin.However, a temporary breather in the dollar's rally allowed Bitcoin to temporarily stem some of its losses. A pause in dollar strength allows Bitcoin price action to stem losses, but the outlook is anything but positive, analysts warn.It is important to note that analysts are warning that the outlook for Bitcoin remains uncertain, and the pause in the dollar’s strength might be just a temporary reprieve.

The $24,000 Target: A Low-Probability Scenario

Crypto Ed's analysis, highlighting the ""very small chance"" of Bitcoin hitting $24,000 or $25,000, is based on potential Elliott Wave moves. 2.8K subscribers in the cryptopricesalerts community. Our trackers will post any relevant info about cryptos. Wanna see more? See you onElliott Wave theory attempts to predict future price movements by identifying recurring wave patterns in price charts. 'Very small chance' BTC price could hit $24K, says trader as US dollar cools. A pause in dollar strength allows Bitcoin price action to stem losses, but the outlook is anything but positive, analysts warn.According to this theory, markets move in specific patterns called waves, which are influenced by investor psychology and can be used to identify potential turning points.

His forecast, shared in a video update, came after Bitcoin's spike to $22,400. 'Very small chance' BTC price could hit $24K, says trader as US dollar cools Brasil Not cia Not ciaWhile this spike offered a glimmer of hope, Crypto Ed cautioned that further downside was still a possibility. There is a very small chance that we see a double correction towards $24,000 or $25,000, he forecast in a fresh video update, analyzing potential Elliott Wave moves after Bitcoin s spike to $22,400 last week.The possibility of a ""double correction"" suggests that the market could experience another significant drop before any sustained upward movement can occur. 'Very small chance' BTC price could hit $24K, says trader as US dollar cools A pause in dollar strength allows Bitcoin price action to stem losses, but 'Very small chance' BTC price could hit $24K, says trader as US dollar cools A pause in dollar strength allows Bitcoin price action to stem losses, but the outlook is anything but positiveThis correction could take Bitcoin back down towards the $24,000-$25,000 range.

However, it is crucial to emphasize the ""very small chance"" aspect of this prediction.Crypto Ed is not necessarily forecasting this move, but rather highlighting a potential scenario that, while unlikely, should not be entirely dismissed.Understanding these low-probability scenarios is a key aspect of risk management in the volatile cryptocurrency market.

Analyzing Elliott Wave Moves and Potential Market Corrections

Elliott Wave analysis involves identifying specific wave patterns on a price chart. For popular trader and analyst Crypto Ed, there was more pain to come for both BTC and stocks. There is a very small chance that we see a double correction towards $24,000 or $25,000, he forecast in a fresh video update, analyzing potential Elliott Wave moves after Bitcoin s spike to $22,400 last week.These patterns are typically composed of five impulse waves that move in the direction of the main trend, followed by three corrective waves. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting fresh local lows of $31,550 on Thursday. The pair had made little progress overnight, falling further as ItalianBy identifying these waves, traders can attempt to predict future price movements and identify potential entry and exit points.

In the context of Bitcoin, Crypto Ed's analysis suggests that the recent spike to $22,400 might have been a temporary impulse wave within a larger corrective pattern.This means that even though the price saw a short-term increase, the overall trend might still be downward.A ""double correction"" would involve two separate corrective waves, potentially leading to a deeper price decline.While the exact nature of these waves can be complex and subjective, the underlying principle is that markets tend to move in predictable patterns that can be analyzed and potentially used to inform trading decisions.

Millionaire Trader's Predictions: Past Success and Future Forecasts

The world of cryptocurrency trading is filled with predictions, some more credible than others.One millionaire trader gained attention for accurately predicting Bitcoin's price movement in November 2025. A pause in dollar strength allows Bitcoin price action to stem losses, but the outlook is anything but positive, analysts warn. Bitcoin (BTC) fought to reclaim $20,000 on the July 12 Wall Street open as the U.S. dollar cooled its surge to new two-decade highs.BTC/USD 1-hour candle chart (Bitstamp). Source:Following this success, this trader predicted that Bitcoin would hit $84,000 in March 2025, followed by a surge to $44,000. A millionaire trader predicted in November 2025 that Bitcoin will hit $84k in March 2025 following which it will soar to $44k. His first prediction was spot on. Will the next one also come true?While past performance is not indicative of future results, the accuracy of this trader's initial prediction has given weight to their subsequent forecasts. For popular trader and analyst Crypto Ed, there was more pain to come for both BTC and stocks. There is a very small chance that we see a double correction towards $24,000 or $25,000, he forecast in a fresh video update, analyzing potential Elliott Wave moves after Bitcoin's spike to $22,400 last week.It is importand to note that the trader first predicted that Bitcoin would reach 84k in March 2025 and follow up with a surge to 44k and not the other way around.

Such predictions, whether accurate or not, can have a significant impact on market sentiment. Trading at $105,100 with over $47 billion in 24-hour volume, Bitcoin is still the king of the crypto market. Down 0.23% today, traders are divided, will BTC hit six figures soon or pull back? Polymarket, the prediction platform, shows traders are very bullish. The most popular bet right now? Bitcoin is expected to reach $120,000 by year-end.Bullish forecasts can fuel optimism and encourage buying activity, while bearish predictions can trigger fear and selling pressure. Bitcoin (BTC) fought to reclaim $20,000 on the July 12 Wall Street open as the U.S. dollar cooled its surge to new two-decade highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar bull run takes fresh breatherInvestors should be aware of these dynamics and avoid making impulsive decisions based solely on individual predictions. Posted by u/Little-Ad-300 - 2 votes and 5 commentsAlways conduct thorough research and consider multiple sources of information before making any investment decisions.

Bitcoin's Market Dominance: $105,100 and Beyond?

Despite recent volatility, Bitcoin remains the king of the crypto market. Cointelegraph By William Suberg Bitcoin (BTC) fought to reclaim $20,000 on the July 12 Wall Street open as the U.S. dollar cooled its surge to new two-decade highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar bull run takes fresh breather Data from Cointelegraph Markets Pro and TradingView revealed a tug-of-war between buyers and sellers following [ ]Trading around $105,100 with over $47 billion in 24-hour volume, Bitcoin's dominance is undeniable.However, traders are divided on the short-term outlook. 10 likes, 0 comments - alexaveran on Janu: 'Very small chance' BTC price could hit $24K, says trader as US dollar cools Bitcoin (BTC) fought to reclaim $20,000 on the July 12 Wall . Alexa veraSome believe that Bitcoin is poised to reach six figures soon, while others anticipate a pullback.

The debate over Bitcoin's future is fueled by various factors, including macroeconomic conditions, regulatory developments, and technological advancements.The ongoing debate whether or not the US Dollar will continue to lose strength or return to its prior form will have a large impact on Bitcoin and its future.Market sentiment also plays a crucial role, with fear and greed influencing buying and selling decisions. The intraday losses had come at the hands of a rampant U.S. Dollar Index (DXY), which hit its highest levels since October 2025 at risk assets expense thanks to inverse correlation. U.S. dollar Index (DXY) 1-hour candle chart.Prediction platforms like Polymarket offer a glimpse into market sentiment, with traders currently exhibiting a very bullish outlook.The most popular bet on Polymarket is that Bitcoin will reach $120,000 by year-end.

The Role of Market Sentiment

Market sentiment is a crucial driver of price movements in the cryptocurrency market.It reflects the overall attitude of investors towards a particular asset, and can be influenced by news events, social media trends, and expert opinions.Positive sentiment can lead to increased buying pressure and drive prices higher, while negative sentiment can trigger selling pressure and lead to price declines.

Prediction platforms like Polymarket provide a valuable tool for gauging market sentiment.By tracking the bets and predictions made by traders, these platforms offer insights into the prevailing mood of the market.While sentiment should not be the sole basis for investment decisions, it can provide valuable context and help investors understand the potential risks and opportunities.

Dollar Strength and Bitcoin's Price Action: An Inverse Relationship

The relationship between the US dollar and Bitcoin is often described as inverse.This means that when the dollar strengthens, Bitcoin tends to weaken, and vice versa.This relationship is driven by several factors.As previously mentioned the ongoing debate whether or not the US Dollar will continue to lose strength or return to its prior form will have a large impact on Bitcoin and its future.

• Safe-Haven Asset: The US dollar is often considered a safe-haven asset, particularly during times of economic uncertainty.When investors are concerned about the economy, they tend to flock to the dollar, driving up its value.This can lead to a decrease in demand for riskier assets like Bitcoin.
• Global Reserve Currency: The US dollar is the world's primary reserve currency, meaning that it is widely held by central banks and used in international trade.This gives the dollar a significant advantage over other currencies, and can influence its value.
• Interest Rate Policies: The Federal Reserve's interest rate policies can also impact the dollar's value.Higher interest rates tend to attract foreign investment, which can strengthen the dollar.Conversely, lower interest rates can weaken the dollar.

Intraday Losses and the U.S.Dollar Index (DXY)

Recent intraday losses in Bitcoin have been attributed to a rampant U.S.Dollar Index (DXY), which hit its highest levels since October 2025.The DXY measures the dollar's strength against a basket of other currencies.A rising DXY indicates a stronger dollar, which, as discussed above, can put downward pressure on Bitcoin.

The inverse correlation between the DXY and Bitcoin is a crucial factor to consider when analyzing Bitcoin's price action.Investors should closely monitor the DXY to gain insights into the potential direction of Bitcoin's price.

Navigating the Volatile Crypto Landscape: Strategies and Considerations

The cryptocurrency market is known for its volatility, and navigating it successfully requires a combination of knowledge, strategy, and risk management.Here are some key considerations for investors looking to participate in the Bitcoin market:

1. Conduct Thorough Research: Before investing in any cryptocurrency, it is crucial to conduct thorough research and understand the underlying technology, the team behind the project, and the market dynamics.
2. Diversify Your Portfolio: Diversification is a key risk management strategy in any investment portfolio.Avoid putting all your eggs in one basket, and spread your investments across different cryptocurrencies and asset classes.
3. Set Realistic Expectations: The cryptocurrency market can be highly speculative, and it is important to set realistic expectations.Avoid chasing quick profits and focus on long-term value.
4. Manage Your Risk: Risk management is essential for protecting your capital in the volatile cryptocurrency market.Set stop-loss orders to limit potential losses, and avoid investing more than you can afford to lose.
5. Stay Informed: The cryptocurrency market is constantly evolving, and it is important to stay informed about the latest news, trends, and developments.Follow reputable news sources, attend industry events, and engage with the crypto community.

Answering Common Questions About Bitcoin and Market Volatility

Here are some answers to common questions surrounding Bitcoin and its market behavior:

Q: Why is Bitcoin so volatile?

A: Bitcoin's volatility stems from its relatively young age, speculative nature, regulatory uncertainty, and sensitivity to market sentiment.Its limited supply and increasing demand can also contribute to price swings.

Q: Is Bitcoin a safe investment?

A: Bitcoin is a high-risk investment.Its price can fluctuate dramatically, and there is no guarantee of profits.Investors should only invest what they can afford to lose and should carefully consider their risk tolerance.

Q: How does the US dollar affect Bitcoin?

A: The US dollar and Bitcoin often have an inverse relationship.A stronger dollar can put downward pressure on Bitcoin, while a weaker dollar can support Bitcoin's price.This is due to the dollar's status as a safe-haven asset and its influence on global markets.

Q: What is Elliott Wave theory?

A: Elliott Wave theory is a technical analysis tool that attempts to predict future price movements by identifying recurring wave patterns in price charts.These patterns are based on investor psychology and can be used to identify potential turning points.

Conclusion: Navigating the Uncertainty with Caution and Informed Decisions

The cryptocurrency market, particularly Bitcoin, remains a complex and often unpredictable landscape.While the ""very small chance"" of BTC hitting $24K, as suggested by Crypto Ed, highlights a potential downside scenario, it's crucial to remember the overall context.Factors like the cooling US dollar, potential Elliott Wave patterns, and broader market sentiment all play a role in shaping Bitcoin's price action.The inverse relationship between Bitcoin and the dollar emphasizes the importance of monitoring macroeconomic trends.The millionaire trader's earlier accurate prediction is not necessarily an indication of future performance, but its certainly something to keep in mind.

Ultimately, successful navigation of this market requires a balanced approach.This involves conducting thorough research, diversifying your portfolio, managing your risk, and staying informed about the latest developments.Avoid making impulsive decisions based on hype or fear.Remember that while predictions can be helpful, they should not be the sole basis for your investment strategy.By making informed decisions and exercising caution, you can increase your chances of success in the volatile world of cryptocurrency.

As the market continues to evolve, staying adaptable and informed is key.Keep learning, keep researching, and be prepared to adjust your strategy as needed.Consider consulting with a financial advisor for personalized guidance.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.Please conduct your own research and consult with a qualified financial advisor before making any investment decisions.