Chief economist and Bitcoin critic, has issued a estrela bet:somber prediction regarding the world’s largest cryptocurrency, Bitcoin. The financial expert has cautioned investors of the potential repercussions should e𒊎strela bet:BTC drop below critical resistance levels.
Economist Predicts Bitcoin Price Decline
In a recent X (formerly Twitter) post, Schiff a price chart of Bitcoin against the United States Dollar (USD), pinpointing Bitcoin’s price at the time of the post at $63,814, alongside key estrela bet:support levels around $60,000. The economist has argued that Bitcoin’s current price position was 𒈔not conducive for .
Emphasizing the importance of BTC maintaining a stronghold above $60,000, Schiff urged investors to proceed with caution and hope that the cryptocurrency successfully sustains support levels. He also predicted that if Bitcoin failed to hold critical support levels, a estrela bet:substantial price decline would be inevitable.
While Schiff’s predictions may appear to align with his usual skepticism towards Bitcoin, the timing of his warnings coincides with a estrela bet:period of height♒ened uncer🙈tainty and volatility surrounding Bitcoin’s price.
The cryptocurrency is currently trading at $63,909, marking a notable decrease from its previous all-time high of over $73,𓄧000 before the halving event. Data from CoinMarketCap has revealed a , with Bitcoin experiencing a 3.75% drop in the last 24 hours and a 4.38% decrease over the past month.
T🐭his underscores the , hinting at the possibility of further declines unless the cryptocurrency ma🧔kes a quick price correction.
Schiff has stated that while experienced Bitcoin holders are accustomed to large price drops and periods of volatility, new investor🤪s who have recent𒐪ly entered the market should be prepared for a “rude awakening.”
Crypto Analyst Says Potential Upsurge In Store For BTC
On Monday, April 22, prominent crypto analyst, Ali Martinez shared insights on estrela bet:Bitcoin’s future price trajectory in an ꦉX post. Martinez that the price of Bitcoin was steadily rising, aiming to secure new hig🍎hs around $66,000.
The crypto analyst predicts that if Bitcoin can successfully estrela bet:break past key support levels at $66,000, the cryptocurrency’s next critical resistance level would be between $69,900 and $71,200. Despite this optimistic forecast, Martinez has also investors about a potential pullback, emphasizing the importance of exercising caution and closely monitoring Bitcoin’s price if it falls below $65,500.
With Bitcoin currently priced at $63,909, it has fallen notably below the key support level highlighted by Martinez. This continuous price decrease could be attributed to recent trends that estrela bet:Bitcoin’s accumulation score has dropped to zero. This suggests that whales may be estrela bet:moving away from the pioneer cryptocurrency or refraining from accumulating Bitcoin at it💦s present price level.
BTC price falls toward $63,000 | Source: