Beware of the Collapse: Keep Your Eyes on These Levels in Bitcoin!

A popular analyst bitcoin He stated that it is a critical moment for (BTC). It has signaled that if the leading crypto asset fails to sustain support at a significant price level, you may collapse.

The analyst, known by the pseudonym Cred, tells his 548,200 Twitter followers that it’s a “do or die” moment for Bitcoin.

He stated that if BTC fails to maintain the $19,000 to $20,000 price range, the asset could drop to the $16,000 range. This means a decrease of more than 15% from its current value.

The market looks tough, it can come hard in the high range and things are not so good at the lower levels. $19,000 – $20,000 represents a do-or-die phase as the final and only technical build.

Any range below this will enable lows.

Pay attention to this level in Bitcoin

Koinfinans.com As we reported, this Bitcoin is trading at $ 19,922 at the time of this writing.

Crypto analyst Benjamin Cowen predicts that it may take another six months for Bitcoin to rise again, and by then its price will fluctuate.

“The time for crypto’s macro uptrend is probably in about six months. Until then, many people are likely to remain indifferent. Your job is not to lose sight of the big picture, even when you feel like the crypto world is crumbling around you.”

Crypto He warns that its markets could face huge losses to both bears and bulls before a sustained upward move begins.

“In 2023, both bears and bulls will be rect. The bears rectified in January and February giving the bulls a false sense of security. After both sides have been battered enough, only then can we rise again.”

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