Analyst: Bitcoin Could Reel to $13,000 or Lower if It Breaks One Key Level

Analyst: Bitcoin Could Reel to $13,000 or Lower if It Breaks One Key Level


Bitcoin has been struggling to hold above $16,000 throughout the past couple of days, which is a somewhat grim sign Its weekly candle close is just a couple of hours away, and how it trades heading into this will likely set the tone for where it trends in the week ahead The ongoing influx of selling pressure has hampered the growth seen by the broader market, with Ethereum and many other altcoins also selling off One analyst believes that BTC could be on the cusp of seeing a serious selloff in the near-term He notes that it could reel towards $13,000 if it breaks one crucial level

Bitcoin and the aggregated crypto market have been struggling to gain any momentum throughout the past few days.

Where the entire market trends in the near-term should depend largely on Bticoin’s reaction to a few key price levels that analysts have been closely watching for quite some time.

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One trader is noting

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