The Crypto Altcoin Sherpa analyst recently raised the possibility of bitcoin collapse to $ 50,000. He also commented on the current price procedure and revealed the price level through which it is expected to apostasy, as BTC has already witnessed a significant decrease in the current Absolute (ATH).
The analyst predicts the collapse of Bitcoin to $ 50,000
in X postAltco Sherpa indicated that the price of Bitcoin can decrease to $ 50,000 by the end of the year. The accompanying plan showed that BTC will touch the resistance level 105,900 dollars Again then start its huge retreat from there. In another X postHe revealed that his prediction of $ 50,000 was just a joke and that he did not think that would happen.
However, the analyst caution over the current market conditions, He says he does not rush In any sites. Glimpse how The price of bitcoin has crashed After Donald Trump’s latest post, although he believes the bounce should happen “relatively close”. His accompanying scheme showed that the bounce should happen between a range of $ 102,000 and 104,000 dollars.
in Social truthDonald Trump stated that China has violated the trade agreement with the United States, a statement that raised fears that the trade war between countries could escalate again. Since Trump’s statement, Bitcoin price decreased From about 106,000 dollars to a decrease of 103,100 dollars.
After this bitcoin price collapsed, The most prominent altcoin serpa control point For BTC, which is about $ 104,000. He pointed out that the apostasy should happen from here. However, tensions between the United States and China threaten to reduce prices. According to Reuters reportDefense Minister Beit Higseth warned against an imminent threat from China and announced that they were ready to respond.
BTC can still decrease to $ 102,700
in X postTitan of Crypto suggested that bitcoin price may decrease to $ 102700. He revealed that BTC is retreating towards Daily Kijun at a price of about 102,700 dollarsAnd an area had previously been held, which the analyst claimed to serve as a solid base for the next movement.
in PrecedentThe encryption analyst stated that the price of bitcoin can be on the way to re -test the previous resistance, which turned into support before it is pushed up. Amid this comfort, Titan from encryption Warning that BTC cannot witness a reintegration less than the current market structure because this may lead to low prices.
At the time of this report, the Bitcoin price is traded by about $ 103,700, a decrease of more than 2 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Getty Images, Chart from TradingView.com
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