Leading crypto currency Bitcoin continues to hold over $ 100,000. However, as it is difficult to progress, investors are afraid of falling into a decline orbit. A crypto analyst with a wide audience is declining in Bitcoin.
Analyst predicts that the price of Bitcoin will fall towards 90 thousand dollars!
Kriptokoin.comAs you have followed, Bitcoin and Altcoins lost acceleration. Crypto Analyst and Trader Justin Bennett says Bitcoin’s resistance to $ 106,061 in a four -hour graph and will probably have a withdrawal. “I hope you have avoided rising in the face of resistance. I am still waiting for $ 98,600 and then $ 91,800, and I’m still in a short position at BTC. ” says.
Source: Justin BennettAnalyst also warns that Bitcoin’s price movement has a correlation with the performance of S&P 500 and that the stocks can improve after reaching a high range. In this context, the analyst said, “If BTC’s price movement confused you, check S&P for tips. Sweep one side, then sweep the other side and stay in the range until it is proved otherwise. ” says.
Source: Justin BennettBennett also shares a graph showing how BTC and S&P 500 move together.
Source: Justin BennettPentoshi continues to rise in BTC!
Justin Bennett shows a short -term decline tendency in BTC, while the Pentoshi Analyst says it is on the rise in Bitcoin because it continues to find support in the range of $ 100,000. Analyst BTC goes to $ 120,000. I think he had every chance to sell it, and he didn’t rise so much first. ” says. In addition, Spot Bitcoin says that investor demand for stock exchange investment funds (ETFs) continues to remain strong and indicates that this indicates a tendency to rise. In this respect, the analyst makes the following statement:
On Thursday, ETFs continued to buy both BTC and ETH intensively. Finally, sellers are absorbed and people lose their coins. There are times when they are purchased and the price does not rise, but finally suppresses the supply of demand. Of course, the demand will eventually dry. But there is no such situation yet. The price increase stops and people question everything. Again, it is not a flat line to the target, but we will eventually arrive there.
