Bitcoin Crash Brewing? Trader Plans Bids at $94K, $82K for Potential Market Freakout

Bitcoin’s (BTC) lack of short-term bullish drivers and worsening technical outlook has prompted one analyst to plan bids at lower price levels to capitalize on a potential market freakout.”I will leave bids at $94,0000 and $82,000 in case of a freakout,” Brent Donnelly, president of Spectra Markets, said in a market update. “If my view on reacceleration, fiscal dominance, and Fed-as-puppet-show is right, bitcoin will eventually benefit. But today it’s trading like a risky asset, not a store of value. And there is no coherent short-term bullish narrative.”Donnelly explained that the craze around digital asset treasuries (DATs), or corporate adoption of BTC as a treasury asset, is fading, and the seasonal effects related to bitcoin’s halving event are turning bearish.Historical…