Bitcoin has lost 12% of its value since Tuesday, causing concerns among investors. Technical analyst Peter Brandt predicts another drop in the price of Bitcoin and points to a critical level of $24,800 that will determine the fate of the bulls. If the price breaks below this level, it could have negative implications for the daily and weekly charts. Other analysts also highlight the importance of the $25,000 region, with some suggesting it as a good buying opportunity. However, there are bearish indicators suggesting that Bitcoin’s price may fall towards the $26,000 levels. The recent price movements have brought back the expectation of Bitcoin reaching $20,000. Despite the current challenges, analysts remain optimistic that Bitcoin will recover and reach new all-time highs..
#Analyst #Step #Bitcoin #Price #Level #Critical
#Analyst #Step #Bitcoin #Price #Level #Critical
