The next few days are highly crucial for Bitcoin as there are several developments ahead, including the FOMC meeting scheduled for July 26-27.
The flagship currency recently reclaimed the $23,000 price level but unfortunately couldn’t hold on for long and plunged below the $22,000 range. At the time of reporting, Bitcoin is selling at $21,930, with a plunge of 2.65% over the last 24hrs.
Currently, the King currency is striving to rise against the selling pressure put up by the bears. However, if it fails, the currency might slide towards the $19,000 mark.
One of the most followed analysts and investment advisors, Will Clemente, took to Twitter to reshare his previous post of June 24. The strategist pointed toward the price range, which could bring Bitcoin to crossroads.
Clemente predicts that if the asset fails to rise and drops due to any reason, the market will see Bitcoin declining towards the $19,000 price level, effectively losing the brief bullish stance that it had taken on.
Bu yazı yardımcı oldu mu?
Source: https://coinpedia.org/bitcoin/bitcoin-at-crucial-phase-btc-price-can-see-worst-case-if-drops-below-this-level/