Crypto analyst Xanrox predicts an impending Bitcoin price crash and suggests the best time to buy the digital asset.
Xanrox highlights a potential bearish development in the market, referencing a false breakout known as a 'bull trap.'
The analyst advises investors to wait for a correction before entering a long position, identifying the 0.618 Fibonacci retracement level around $102,909 as the best entry point.
Despite the expected retracement, Xanrox believes the overall trend for Bitcoin remains bullish with Wave 3 expected to be even more bullish, potentially leading to new all-time highs.