Direction Down in Bitcoin (BTC) That Cannot Break $ 6,900!

The biggest cryptocurrency tried to break the $ 6,900 level earlier today, but failed and there was a retreat. BTC, which rose slightly after the retreat, is currently trading at $ 6,632.

Cryptocurrency analyst Michael van de Poppe believes that BTC may remain in the current space for a while. Although the analyst assumes that Bitcoin can touch the $ 7,000 zone once again, he claimed that the biggest cryptocurrency could test $ 5,400, then $ 4,800.

$ BTC the #BITCO

A swift rejection here at $ 6,900.

It can still hang around this area for a bit. If we break back above $ 6,650, I’m expecting another tap of the $ 6,900-7,000 area.

However, all-in-all, remaining to expect $ 5,400 and $ 4,800 to be tested in the coming period. pic.twitter.com/2eiahueado

– Crypto Michaël (@CryptoMichNL) March 25, 2020

Satoshi Flipper, a cryptocurrency trader on Twitter, reminded his followers of the Bitcoin half-up, and said six months from now it would be a dream for investors to see price levels below $ 8,000. According to Trader, Bitcoin will shine again soon.

Guys if you are investing in the #Bitco for the long term, then any price in the 5k’s, 6k’s, 7k’s is just a huge gift when we look back at this price action 6 months from now, 1 year from now, etc

Halving is still in 2 months and smart money knows this too.

– Satoshi Flipper (@SatoshiFlipper) March 25, 2020

According to CryptoDude, another crypto money trader on Twitter, the uptrend will continue if Bitcoin rises above $ 7,000. Trader says that lower levels can be retested until the day this happens.

$ BTC Trying it’s best to reclaim the previous lows.

Close above 7k bulls should be back on track.

Until then the argument for a bearish retest here is strong.

Flat. pic.twitter.com/pq4jogqkzp

– CryptoDude (@ cryptodude999) March 25, 2020