News View Non-AMP

Bitcoin Price Prediction: Top Analyst See BTC Potential Drop to $31,500? Here’s Why

Published by
Mustafa Mulla

Despite early hopes for a steady price rise with the start of a typically bullish Q4, Bitcoin is struggling to hold its ground, recently dropping to $54,000. Due to its ongoing bearish trend, prominent crypto analyst Ali Martinez has warned that Bitcoin could decline further, potentially dropping to $31,500. Here’s why analysts predict this drop. 

Stark Warning: BTC Plunging To $31,500

In a recent tweet post, Ali Martinez pointed out that historically, Bitcoin tends to experience further declines once it falls below the Realized Price-to-Liveliness Ratio. This key metric, currently at $51,600, is an important indicator that tracks the cost basis of Bitcoin holders and the overall market activity. 

If Bitcoin breaks below this level, Martinez believes the next stop could be $31,500, which is the Realized Price, an average price at which all Bitcoins in circulation are bought. This pattern has been observed in previous market cycles. 

When Bitcoin drops below the Realized Price-to-Liveliness Ratio, it tends to continue its drop further until it reaches the Realized Price which is at $31,500. 

Meanwhile, Martinez’s warning comes as Bitcoin has been struggling to maintain momentum after a recent market downturn, and the crypto market is closely watching these critical levels.

Bitcoin Price Action

As of now, bitcoin price is trading around $54,340, reflecting a rise of 1% seen in the past 24 hours. Despite this BTC trading volume has seen a drop of 62%, currently hovering at $18 billion, with a market cap of $1.07 trillion. At the same time, Bitcoin’s dominance in the market has dropped slightly to 56.81%, reflecting a 0.09% decrease in the last day. 

Meanwhile, recent data from Soso shows Bitcoin ETFs experienced a major outflow of $706.19 million by September 6, the largest since these exchange-traded products were launched this year.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Mega Bullish: SOL Strategies Announces $500M to Buy More Solana

SOL Strategies agreed with ATW Partners to issue a convertible note of up to $500M.…

April 23, 2025

After Rising Above $1800, Here’s What to Expect from the Ethereum (ETH) Price Rally This Month

The crypto markets are healing after the trade war losses that wiped out billions from…

April 23, 2025

XRP, ADA and Altcoins Rally As New SEC Chair Paul Atkins Promises ‘Principled Approach’

The crypto community has long awaited a pro-crypto era in the U.S., hoping for clearer…

April 23, 2025

Meme Coins Are Pumping as Bitcoin Hits $94K — Memecoins to Watch Today

The crypto market is having a great day, and meme coins are leading the way.…

April 23, 2025

Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1?

Story Highlights The price of Dogecoin today is . Dogecoin price may reach a maximum…

April 23, 2025

Solana (SOL) Price Forecast: This Token Will 42x Your $500 While SOL Lags

Recently, Solana’s price slipped below the $130 support level, worrying a good share of investors…

April 23, 2025