"Bitcoin faces a larger downturn after breaking below $90,000... could be pushed down to $58,800 in the worst case"
Uk Jin
Summary
- Analyst Peter Brandt said Bitcoin failed to break the resistance line and is turning into a downtrend.
- He said Bitcoin could plunge to $58,800 if it falls below $80,200.
- The current Bitcoin price is $89,505, showing a slight decline.
An analysis suggested that Bitcoin (BTC) could decline further by the end of the year.
On the 7th (Korea time), according to Coindoo, a cryptocurrency-focused media outlet, Peter Brandt, a crypto analyst, said, "Bitcoin's attempt to break the resistance line is over," and added, "It appears it is now shifting into a downtrend." He also added, "If Bitcoin falls below $80,200, it could plunge to $58,800."
Meanwhile, as of 2:28 p.m. that day, Bitcoin was trading at $89,505, down 0.14% from the previous day.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
