Was Bitcoin Run-Up ‘Fakeout’ And Dropped To $40,000 Level On Cards Again? Here’s What the Experts Say – Ekonomi.kosongin.com

Ekonomi.kosongin.com – As Bitcoin(Crypto:BTC and ” data-translation=”) and ” data-ch=”0″ data-type=”trSpan”>) and Ethereum(Crypto:ETH drifted lower on Thursday night and erased before the day’s gains, four analysts and expert traders shared their thoughts on the two largest cryptocurrencies by market cap.” data-translation=”) drifted lower late Thursday and erased before the day’s gains, four analysts and expert traders shared their thoughts on the two largest cryptocurrencies by market cap.”data-ch=”0″ data-type=”trSpan”>) drifted lower late Thursday and erased before the day’s gains, four analysts and expert traders share their thoughts on the two largest cryptocurrencies by capitalization market.

What Happened: Amsterdam-based popular cryptocurrency analyst Michaël van de Poppe said on his YouTube channel that Bitcoin’s rejection at the critical level of $44,300 has resulted in a deeper correction. He added that the correction is part of the accumulated Bitcoin.

Van de Poppe feels Bitcoin will move sideways and range, the price of the apex cryptocurrency and Ethereum will trade volatile. He feels that the sentiment is slipping towards the negative due to the correction.

Cryptocurrency analyst Justin Bennett said on his YouTube channel that he doesn’t rule out another run by Bitcoin on $40,000 support territory in the event that the first to rise was the fakeout.

Analysts add he is still long in Bitcoin from just over the $40,000 level, with an initial target of $45,000. Beyond that, he’s aiming for $53,000 territory.

He added that Ethereum locks the resistance area at the $3,600 level.

Comparing Bitcoin to the Nasdaq Composite index, cryptocurrency analyst Benjamin Cowen said on his YouTube channel that he costs that Bitcoin seems to depend on stock market movements.

“When you see the Nasdaq going down, when you see the S&P going down, you also generally see Bitcoin going down,” Cowen said.

Altcoin Sherpa told his more than 164,000 followers on Twitter that if Bitcoin had hit the bottom, he thought investors would still get a chance to get lower than its current price. He believes Bitcoin will again fall to the minimum level of $40,000.

$BTC: If this is the bottom, you will still get a chance to get it lower than the current price IMO. I think we came back 40k minimum. You will notice that the price is taking a bit of time to cut around its current base form. Most of the patients stay. #Bitcoin pic.twitter.com/77vuvtSt1v

Price action: Bitcoin is down 3.0% over the last 24 hours, trading at $42,510.68 at press time, while Ethereum is down 2.9% at $3,256.34.

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