Will $26,000 be Broken in Bitcoin (BTC)? Can You Buy BTC Now? Analysts Evaluated!

As the US debt limit crisis continues US Treasury Secretary Janet YellenBefore the statements of ‘s debt limit talks bitcoin It fell as low as $26,080.

This drop in Bitcoin altcoinwhile being felt BTC continues to show weakness.

Analysts followed closely by investors as investors wonder if the decline in Bitcoin and altcoins will continue. Ali Martinez and Michael van de Poppe’Bitcoin analysis came from.

bitcoinStating that lower levels can be tested in , closely followed analyst Michael van de Poppe argued that $ 26,000 can be broken in BTC.

Pointing out that it would be risky to invest in BTC already, Poppe made the following statements:

“Bitcoin is breaking down as it fails to rise above $27,000, indicating that we will most likely test lower and break $26,000 as well.

Currently not accurate for entry into BTC, so a clear bullish divergence should be expected for an entry to BTC.”

#Bitcoin breaking south, as $27K wasn’t flipped, which means we’ll be testing lower and sweeping $26K, most likely.

Acceleration at the moment, so waiting for a clear bullish divergence to pop up for an entry. pic.twitter.com/t2nmQkXRQw

— Michaël van de Poppe (@CryptoMichNL) May 24, 2023

like poppe bitcoinPopular crypto analyst Ali Martinez, who stated that the correction in .

Sharing a Bitcoin-related data from IntoTheBlock, Martinez wrote:

“Bitcoin seems to be losing all major support areas. Pay attention to this.

This raises the possibility of correction to the next significant demand wall between $23,200 and $24,000, where 850,000 addresses previously bought 340,000 BTC.”

notice that #Bitcoin appears to be losing all major areas of support. This increases the probability of a correction to the next important demand wall between $23,200 and $24,000, where 850,000 addresses had previously purchased 340,000 $BTC. pic.twitter.com/IvBLJKiSVw

— Ali (@ali_charts) May 24, 2023

*Not investment advice.