Bitcoin Downtrend

Craig Johnson, the chief market expert at American private investment banking Piper Sandler Companies, believes the ongoing Bitcoin Downtrend will end if cryptocurrency size manages points to close above the $ 26,000 level. According to Johnson, this will ensure another bull market’s start.

 

So far, Bitcoin has struggled to collect smoke, has so far struggled to collect smoke, currently trading at $ 20,400 in Bitstamp trading.

 

That being said, making Bitcoin price predictions is complicated as the biggest cryptocurrency has no basics, Johnson said.

 

To date, the analyst has not seen any indication that the trend will change anytime soon.

 

Oanda’s Jeffrey Halley recently opted that $ 17,500 was Bitcoin’s make-up or death rate. If the bulls fail to catch, the king of crypto is likely to drop significantly.

 

Bitcoin managed to drop to $ 17,600 last month, marking the lowest price since the end of December 2020.

 

Crypto Winter

Related Articles

Starlink- Enjoy high speed internet in airplanes

Starlink- Enjoy high speed internet in airplanes

Starlink Internet: Enjoy high-speed internet on airplanes On Wednesday 19/10/2022, Elon musk tweeted "Internet in airplanes will feel same as if you were accessing the Internet at home!" Elon Musk says it’s like using the Internet at home, Starlink Internet unveils...

Elon Musk sells $1 million worth of new ‘Burnt Hair’

Elon Musk sells $1 million worth of new ‘Burnt Hair’

Elon Musk sells $1 million worth of new perfume, Burnt Hair Burnt Hair by Boring Company is a fragrance for women and men. This is a new fragrance. Burnt Hair was launched in 2022. Spotting a new opportunity to cash in on extravagant products, the world's richest man,...