CRIPTO analyst warns that bitcoin price could be seen further fall if it falls below this level – TradingView News

The CRIPTO Analyst Pameman warned that the price of Bitcoin could testify further down in the short term. He discovered that the level of leading cryptom should keep to avoid these “difficult falls”.

Bitcoin Cena could testify further down if it falls below this level

In a Tradingview PostPameman stated that the price of Bitcoin could record a heavy drop, if it falls below $ 83,500. This warning followed the bikale analysis in which he noted that the BTC seems to complete the barren flag sample. Analyst added to expected to make the lead cryptotes to gather with upside down what it seems to fill the CME gap in the range of $ 86,000.

It eventually happened as the price of bitcoin made at the disposal of $ 88,000 due to mass instability that happened after the announcement of Trump Reciprocal Tariffs. However, Pameman suggested that a set of $ 88,000 is probably a local tip for BTC, stating that there was a possibility that Bitcoin would fall again after this increase in this price.

Moreover, the price of Bitcoin has been corrected after a set at $ 88,000. This price drop occurred like Trump presented custom tariff rates for countries such as China, European Union, United Kingdom and Japan. This move is expected that the US President will launch a trade war, and these countries rest with counter-tariffs, which is BETC for BTC and wider crypto market.

BTC can still be dropped at just $ 78,000

Based on the analysis of the CRIPTO Analyst Kevin Capital analysis, the price of Bitcoin could soon fall to as much as $ 78,000. The analyst noted that there was a little long liquidity at the level of 78,000 to $ 80,000, but there is a lot of liquidity in the range of 87,000 to $ 90,000.

He further noted that the market producers could look at that 87,000 to $ 90,000 just before Trump’s tariff announcement, what happened as predicted. Using the price of bitcoin sucking fluid at 87,000 to $ 90,000, it is likely to lead to 78,000 to $ 80,000 a range to suck liquidity in that range.

Despite the Vinstrunding Bitcoin, in the past two months, the CRIPTO analyst The capital of the capital was still on the leading placement of the CRIPT path. He noted that the BTC experienced 32% of the field from mid-March 2024. year until the beginning of September 2024. years, a return that lasted almost six months before his price broke into new all-time (ATH). As such, analyst suggested that this trend doesn’t care about how BTC could still be gathering with a new top path.

At the time of writing, the price of Bitcoin trades about $ 83,000, over 1% in the last 24 hours, according to CoinMarketCAP data.