Bitcoin (BTC) Donald Trump’s explanations of customs duties, ongoing Spot ETF outputs and market uncertainty due to analysts said the decline could continue up to $ 81,000.
On February 25, the leading crypto currency lost a 90,000 dollar psychological support level on February 25th, declining to $ 87,000, the lowest level of three months.
How far can Bitcoin fall!
Bitget Research Baş analyst Ryan Lee, He said that the decreasing risk appetite of crypto investors was the main reason behind the current wave of sales.
Analyst stating that the ongoing spot outlets and decreasing risk appetite can deepen the decrease. BTC warned that the price of up to 81,000 dollars.
Lee said that Bitcoin is in the correction phase, at this stage, BTC can test 86,000 and $ 81,000 support levels.
“The price of Bitcoin moves in the consolidation range, and with a decrease below $ 89,000, bears are retreat to other low support levels.
If the bear behavior in Bitcoin persists and the absence of positive catalysts, the correction may deepen. Bitcoin can be tested the next support levels around $ 86,000 and around $ 81,000. ”
Outside the Bitget analyst, the crypto currency exchange GRVT’s CEO Hong Yea also evaluated the decline in Bitcoin.
Stating that 85,000 dollars are important for Bitcoin, CEO said that falling below this level would accelerate decreases and lead to a $ 1 billion -dollar long position.
“Geopolitical concerns, economic uncertainties and policy changes affecting the wider economy may draw BTC below $ 85,000 in the short term.”
*It is not an investment advice.
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Source: https://www.bitcoinsistemi.com/analistler-uyardi-bitcoin-btc-icin-kritik-seviyeleri-paylasti-bu-seviye-kirilirsa-dusus-devam-eder/
