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.
Bitcoin Cash (BCH)
Bitcoin Gold (BTG)
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.