Attention! Here's What Popular Analysts Expect About BTC's Direction!

<p>&nbsp;"Hmmm what do you think the analyst's forecast is, bullish or bearish?"</p><p><br /></p><p>The price of the mother of all cryptocurrencies Bitcoin (BTC) saw devastating selling pressure last week when Elon Musk's Tesla company reportedly sold their $373 million worth of BTC holdings.</p><p><br /></p><p>According to popular crypto analyst Ali Martinez, BTC could head lower than its current price, so investors should closely monitor the $25,200 to $24,800 zone after which it could drop further below $20,000.</p><p><br /></p><p>Not only that, Peter Brandt who is a crypto market analyst also believes that the price of BTC is capable of plunging up to 24,800 in the near future.</p><p><br /></p><p><br /></p><p>Meanwhile, Rekt Capital who is watching the performance of BTC expects the price to slip at $26,000 and the decline can push the digital asset to go lower.</p><p><br /></p><p>However, leading crypto analysts such as CrediBULL Crypto, Crypto Tony and Crypto Birb stated that investors should take the opportunity to buy all BTC when the price reaches $25,000.</p><p><br /></p><p>This is because CrediBULL Crypto predicts that BTC will probably hold its position below $25,000 first before its price reaches an all-time high that it hasn't reached in a long time.</p><p><br /></p><p>Even so, some analysts expect the price of BTC to recover heading into September 2023 following in the first week of the month, the Securities and Exchange Commission (SEC) will deliver an update on spot BTC ETF applications from Wisdomtree and BlackRock.</p><p><br /></p><p>As of this writing, the price of bTC has plunged by 0.25% to $26,067 in the last 24 hours with a market capitalization of $507 billion and has recorded a decline of 11.31% over the last week.</p>