Bitcoin Price Forecast: If the cryptocurrency doesn’t turn to $9,000, there will be a big trouble

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.

Name Price24H (%)
Bitcoin (BTC)
$9,971.42
-6.55%
Ethereum (ETH)
$183.01
-7.00%
Bitcoin Cash (BCH)
$293.04
-7.56%
XRP (XRP)
$0.262178
-4.44%
Litecoin (LTC)
$70.45
-6.25%
Bitcoin Gold (BTG)
$12.70
-6.91%

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.

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