Robert Sluymer of Fundstrat Global Advisors evaluated the recent situation in Bitcoin price. Leading crypto money has experienced a sharp decline since June 10th. Bitcoin is trading at $ 6.491 at the moment, down from $ 7,600 to $ 6,650. According to analysts, there are two key levels in the price of Bitcoin, according to analysts.
According to analyst, Bitcoin has two key levels in the order of price
Although Sluymer could not make the price rally predicted by Tom Lee from Fundstrat in May, Bitcoin's long- he was still technically up front with $ 9,500, the critical level of the price trend. According to Sluymer, Bitcoin is now challenging the downward trend. Sluymer says that in Bitcoin, the support levels are $ 5.873 and $ 5.511, respectively.
"Bitcoin has not hit the bottom yet!" Sluymer added that Bitcoin will reverse the downward trend if it reaches $ 7,777.
One of Bitcoin's early investors, Ran Neu-Ner, says that the price of Bitcoin could fall further. Also according to Neu-Ner, Bitcoin has not hit the bottom yet. Also, Neu-Ner says if you believe Bitcoin's long-term value, Bitcoin is still a good time to buy or keep. Neu-Ner says that an important level of investors will see is $ 5,000. Bitcoin is trading at a price of $ 6.491, down 2% during spelling. The market value of the leading crypto money is now $ 110.9 billion.
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