Bitcoin (BTC) fell below $ 6,000 the day before and remained in that area for a while. Against this morning, there are many different estimates for Bitcoin, which has risen above $ 6,000. According to CoinMarketCap data, Bitcoin was trading at $ 6 thousand 242 at the time of writing.
Famous analyst and trader Josh Rager said that Bitcoin could fall back below $ 6,000 again. According to him, the level that needs attention is 5 thousand 300 dollars. If BTC drops below this level, a sharp drop may begin.
$ BTC weekly close coming up and a very good chance price closes below $ 6k
Still holding $ 5800s but the real level Bitcoin needs to hold is $ 5100 to $ 5300s
Closing below this area on the weekly chart in the future would be bad news pic.twitter.com/bardwtjvbz
– Josh Rager @ (@Josh_Rager) March 29, 2020
Will Bitcoin Price Fall or Rise?
Another analyst, Kripto Levent, said the following:
“We are in a downtrend in the medium term, and in an uptrend in the short term, but in the descending channel. There are 6900 resistors above, 5000 supports below. Needless to say intermediate supports or resistances. The rises of $ 400-500 are not very important in my eyes, as long as the main resistances are not passed, we cannot say that the decline is over. If it breaks between 6900-7100 above, I expect 8000 attempts. Otherwise I am waiting for 5000 in the first place. ”
Another domestic cryptocurrency commentator, Rookie, said he could not say positive things.
I still cannot say positive things. I see high probability of turning red this week.
Don’t get caught up in hard saw movements between 5200-7000– Rookie? (@altcoinrookie) March 30, 2020
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