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Analyst Calls Out Bearish Crash For Bitcoin – Here’s The Target

The Bitcoin price is still trading above $100,000 and remains quite close to its all-time high levels of $111,900. However, this has done nothing to dissuade the bearish sentiment that continues to ravage the crypto market. Altcoins, in particular, have suffered the most, with seemingly no end in sight to the decline. Given the current market sentiment, a crypto analyst has given the reason behind the Bitcoin price bearishness, despite still being above $100,000.

Why The Bitcoin Price Is Still Bearish
In an analysis, crypto analyst Anup Ziddi pointed out the reason that the Bitcoin price might continue to see bearish tendencies from here. The first is the fact that the leading cryptocurrency by market cap continues to trade below an important level, which is sitting at $107,000.

Analyst Calls Out Bearish Crash For Bitcoin – Here’s The Target

The Bitcoin price is still trading above $100,000 and remains quite close to its all-time high levels of $111,900. However, this has done nothing to dissuade the bearish sentiment that continues to ravage the crypto market. Altcoins, in particular, have suffered the most, with seemingly no end in sight to the decline. Given the current market sentiment, a crypto analyst has given the reason behind the Bitcoin price bearishness, despite still being above $100,000.

Why The Bitcoin Price Is Still Bearish
In an analysis, crypto analyst Anup Ziddi pointed out the reason that the Bitcoin price might continue to see bearish tendencies from here. The first is the fact that the leading cryptocurrency by market cap continues to trade below an important level, which is sitting at $107,000.

https://bitcoinist.com/bearish-crash-for-bitcoin/