Bitcoin Price Possible Heading for $6,000 Would Still ‘Make Bullish Structure Macrowise”, Analyst Says

Libra Coin News
Sat, 10/05/2019 - 08:33
Yuri Molchan
A crypto trader and analyst believes that even should Bitcoin and Ethereum start descending to lower psychological levels, the overall market picture will remain bullish
Cover image via www.123rf.com

On Friday, a Dutch trader and analyst @CryptoMichNL tweeted a positive forecast for the cryptocurrency market.

He believes that the market will stay bullish macrowise even if the Bitcoin price extends its correction down to the $6,000-$5,500 level and Ethereum would do the same, heading for $140.

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However, the expert says, he is in doubt as to this turn of events. The upcoming Bitcoin halving in May 2020 and “a ton of other events” will prevent the bears from getting the market under control.

 

What do you think of the analyst's opinion? Is the Bitcoin price going to keep sliding or will it reverse and begin rising? Feel free to share with us in the comments to the article.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.


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