Bitcoin’While $25,000 was expected to be breached, the bears took a nasty surprise and BTC dropped to $22,000.
While this drop is making Bitcoin investors nervous, from popular crypto analyst Rekt Capital BTC comment has arrived.
Referring to the resistance level in his previous posts about Bitcoin, the analyst predicted that the price will remain in a certain range unless BTC can break the $ 23,400 resistance.
In this context Rekt Capital, He stated that he thinks the price of Bitcoin will stay between $23,330 and $19,899 since BTC’s February close is below $23,400.
However, analcis BTC He warned that as the price continues to consolidate in this range, BTC could fall further within its stated price range.
“Bitcoin’s February close was below $23,400. So BTC will stay in a narrow range that I mentioned earlier.
Technically the price will continue to consolidate in this range if BTC fails to break the $23,400 resistance soon, and in this context, BTC could drop further in this range.
However, it is not possible to fall below this range.”
Falling 4.31% in the last 24 hours bitcoin At the time of writing, it continues to trade at $ 22,355.
#BTC Monthly Closed below ~$23400 so BTC will stay in the range
Unless $BTC can break the Range High resistance of ~$23400 in the near time…
Technically, it’s not out of the question for BTC to dip lower in the range as price continues to consolidate here#Crypto #Bitcoin pic.twitter.com/gPqNnQYjsf
— Rekt Capital (@rektcapital) March 3, 2023
*Not investment advice.
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