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Bitcoin Declines to $ 11,000 Band – What Do Analysts Think?

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The leading cryptocurrency, Bitcoin (BTC), once again began to show a downward trend and went below $ 11,000 against the US dollar. Although the BTC price was recently tested at $ 12,000, it failed to fall to $ 11,000 and then to $ 10,600.

Although Anthony Pompliano, one of the founders of Morgan Creek, said Bitcoin would go up to $ 100,000 in the long run, it seems a bit difficult in the short run. In addition to Pompliano, experienced analyst Murad Mahmudov said yesterday that $ 100,000 is possible when he focuses on the big picture.

Alex Krüger, one of the leading cryptocurrency analysts, drew attention to a different direction with a tweet today and emphasized that the ” fear/greed index Bit for Bitcoin is as low as December 2018. Stating that the next key level is between $ 10,300 and $ 10,325, Krüger stated that the fear situation prevails in the market and hinted that an unexpected rise may come soon.

The addition of Josh Rager In a survey of 3,474 people participated via Twitter for Bitcoin opinions which will remain dropped from 9,000 dollars to 10,000 dollars or 50 percent to 50 percent as currently, it seems.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.