Express

Cryptocurrency Analysts Predict Bitcoin’s Growth To $7,900 Could Lead To Major Pullback

Ramsey Baker

Summary: Bitcoin has seen a massive growth today as the coin jumped from around $7,600 to over $7,900, however, some analysts don’t believe this will last. CryptoHamster, the cryptocurrency analyst, noted that this major pump has caused Bitcoin (BTC) to reach the upper bound of an important downward channel. BTC has been trading in this channel ...

Bitcoin has seen a massive growth today as the coin jumped from around $7,600 to over $7,900, however, some analysts don’t believe this will last.

CryptoHamster, the cryptocurrency analyst, noted that this major pump has caused Bitcoin (BTC) to reach the upper bound of an important downward channel. BTC has been trading in this channel for seven or so months. This could imply that BTC will take a major downturn.

At the Time of writing BTC currently sits at $7,875, according to Bitpush Data.

By Ramsey Baker

Last Update:

Tags: analysts,Bitcoin,Cryptocurrency
Link: Cryptocurrency Analysts Predict Bitcoin’s Growth To $7,900 Could Lead To Major Pullback [Copy]

Last: According to Bitpush Market Data, BTC is now $7927.20, up 4.92% in 24 hours.

Next: According to Bitpush Market Data, ETH is now $143.78, up 2.64% in 24 hours.

Onchain Fatigue: The Harsh Reality Driving Users Away from Web3 1 days ago

Are Airdrops Overfarmed? State of the Market 2 days ago

Autonomous Worlds: The Ultimate Goal of Blockchain? 4 days ago

Have Cosmos and Polkadot Been Replaced? The Future of ATOM and DOT 6 days ago

Polygon AggLayer: Uniting Modular and Monolithic Blockchain Architectures 7 days ago