CandleFocus Bitcoin Price Crash Not Over? Why A Decline To $89,000 Is Possible
2024-11-26
Author: Content Editor
According to a crypto analyst, the Bitcoin price could crash if it fails to hold key resistance levels. The analyst suggests that a decline to $89,000 is possible if Bitcoin cannot break through resistance levels around $97,000 to $98,000. However, if Bitcoin can successfully push above these thresholds, its price could rise significantly towards $100,000. The analyst also notes positive market sentiment and recent developments in the crypto space, such as the affirmation of Bitcoin's legality in China and plans for a White House crypto advisor, as factors driving Bitcoin's recent price rise. The analyst predicts that if Bitcoin can surge above $98,700, it could skyrocket to $100,000.
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