Mathisen Marketing

Your Marketing Blog

“New Lows Are Just A Matter Of Time”

“New Lows Are Just A Matter Of Time”

As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Ad

&nbsp &nbsp

Bitcoin is currently undergoing a wild correction that is taking the asset back to lows not seen in over three weeks. This follows a recent bear market rally that saw Bitcoin rise to $20.9k over the weekend. As BTC falls below the expected margin, a prominent analyst has warned of inevitable new lows.

Bitcoin could go to $19,000 or below from here

The crypto market is currently sinking, and BTC has not been immune to bear attacks. In the midst of this extreme recession, prominent crypto analyst iI Capo of Crypto is warning the community about further declines. On Twitter, he highlighted an attractive selling opportunity for traders if the asset tests resistance at $19,500.

He noted the bearish impact of the BTC consolidation below the $20,500 mark. According to Crypto’s iI Capo, if BTC hits firm resistance at $19,500 as it consolidates below the price tag, the community could see a bearish bottom line as the asset could collapse to $19,000 or below.

He added that “new lows are only a matter of time.” Bitcoin had consolidated below $22,500 since June 14th. The fortune broke out of this trap a month later, on July 19. Despite some mild corrections, BTC has held its head above this level until now.

Another analyst, Crypto Kaleo, does not see BTC making new lows

iI Capo’s recent analysis was a continuation of the prediction he made on August 16, when BTC was still trying to conquer $24,000. The asset had been rejected after testing the key resistance level of $24,000. This led iI Capo to predict two bearish moves at that stage.

Ad

&nbsp &nbsp

The first move, he said, would be a rise to $25,400 to $25,500. Nevertheless, the analyst noted that the asset’s momentum could reverse at that point and collapse to new lows. He said the second move is a straight drop from the $23,000 level to new lows. Another predicted move has happened.

In contrast, another analyst (@CryptoKaleo) admitted on Twitter three days ago that he was wrong when he expected BTC to reach $28,000. However, he noted that he does not expect the asset to see new lows from here.

At the time of reporting, the value of BTC has decreased by 4% in the last 24 hours. The value of the property has also decreased by 8.89% in the last week, as it is currently valued at $19,805.

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Source link

Leave a Reply

Your email address will not be published.

Latest Posts

  • India’s ED Freezes $1.6 Million in BTC of Accused in Gaming App Fraud

    India’s ED Freezes $1.6 Million in BTC of Accused in Gaming App Fraud

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase In a two-year-old gaming app fraud case, India’s leading financial crime investigation agency has frozen 85.9 bitcoins, equivalent to $1.6 million, in a Binance account. It also separately froze WRX, WazirX’s original coin, and USDT together, worth nearly $550,000. Earlier […]

    Read More

  • After slamming FTX, CME moves to allow futures trading on its platform

    After slamming FTX, CME moves to allow futures trading on its platform

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase CME Group is following in the footsteps of Sam Bankman-Fried’s FTX.US in proposing to regulators its own plan to offer direct-to-consumer derivatives trading. According to a report by The Wall Street Journal, CME Group, one of the largest exchanges for […]

    Read More

  • Fundraiser for WikiLeaks’ Founder Reaches $40 Million

    Fundraiser for WikiLeaks’ Founder Reaches $40 Million

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase JuiceBox’s fundraiser has already managed to raise about 13,000 ETH, which is almost $40 million for WikiLeaks founder Julian Assange. Julian Assange may be facing some tough times in a US prison, and supporters of the WikiLeaks founder have opened […]

    Read More