Analysts and traders around the world have their eyes glued to their screens as there is speculation that Bitcoin will fall as low as $19,000. Bitcoin data shows that Bitcoin is currently locked below the $30,000 mark and this level has now emerged as daily resistance. Bitcoin saw a brief drop to $29,640 on July 22, before recovering in time for the day’s close. However, the crypto community remains concerned about further declines. The current Bitcoin price trend is sounding the alarm, gaining perspective from the analysis of the three-day chart, we advise caution and the importance of paying attention to key levels in case of further falls. Crypto trader and analyst Nebraska Gunner predicts a bearish trend for Bitcoin in the near future. Noting that Bitcoin fell below its low last month, Gunner acknowledges that a fall in Bitcoin’s value seems likely.
Wait for Bitcoin to fall?
