The mid-April rally stopped and now Bitcoin faces some risk in the downward direction. An analyst thinks that if Bitcoin does not go back quickly to the level of $ 9,000, the outlook will not be very lukewarm.
The speculation around Bitcoin and the annual Consensus conference is diminishing as the number one crypto dollar falls below $ 9,000 and then continues to confront hard winds. The mid-April rally stopped and now Bitcoin faces some risk in the downward direction.
Please enter CoinGecko Free Api Key to get this plugin works.According to one analyst, Bitcoin remains at these levels, which poses a great risk.
MarketWatch reported to Jani Ziedins, analyst Janet Ziedins, “Bitcoin has found itself below this level of support after holding $ 9,000 for several weeks. Two weeks ago I warned the readers that there was a point where the support came to a halt. That’s what happened here. I am suspicious of BTC at these levels and must return to the level of $ 9,000 as soon as possible to prove me wrong. Otherwise I expect a nervous sale that will push the price below $ 6,000. ”
Bitcoin is trading at $ 8300 in the last 24 hours with a decrease of about 3 percent. The total size of the crypto money market has declined to 380 billion dollars.
