Top Reasons Why Bitcoin (BTC) Price Will Plunge In Coming Week - BitcoinEthereumNews.com
BitcoinTop Reasons Why Bitcoin (BTC) Price Will Plunge In Coming Week05/21/2022Bitcoin Ethereum Nachrichten Bitcoin investors are still on the edge of their seats, waiting for indications that will determine how the current period of short-term consolidation will end. Within the capitulation, the market took a dive, with the top-ranked cryptocurrency falling from over $36,000 to as low as $25,485 during the week. A well-known crypto analyst is causing a Twitter frenzy by Warnung traders that Bitcoin (BTC) has six reasons to fall. In a six-part thread, popular trader CryptoCapo cautions traders that there are reasons to assume BTC will hit new lows soon. Factors determining BTCs fall BTC shattered the 30k support zone, which was the key pivot of the bull run, according to the expert. This is a zone rather than a level. It costs between $29,000 and $31,000, including all wicks. Its now putting that zone to the test as resistance. The trader refers to a tweet from ten days ago in which he explained why he didnt believe the $30,000 support level for BTC would hold. The second reason is a bear flag signal that Capo mentioned in late April 2022. Another reason to expect BTC to continue to fall, according to