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.

The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 6 days ago

Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 10 days ago

BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 13 days ago

The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 17 days ago

Google Steps Into Blockchain: A New Front in the “Ledger Wars” 19 days ago