BTC Price May Collapse as Low as $100: Forex Analyst

  • Yuri Molchan
    📰 News

    An analyst at a Polish Forex Aforti Exchange S.A., Marek Paciorkowski, believes that BTC rate may slide down to the $100 low– the bearish trend may continue and get worst

BTC Price May Collapse as Low as $100: Forex Analyst

An analyst at a Polish Forex Aforti Exchange S.A., Marek Paciorkowski, believes that the Bitcoin rate may slide down to the $100 low– the bearish trend may continue and get worst.

The analyst made this assumption, watching the current triangle pattern that BTC has been following since the early spring. The man believes that this scenario should be kept in mind if Bitcoin breaks below the $5,500 level.

This forecast is based on technical analysis, considering the possibility that the top coin may not get out of the long-lasting downward trend.

Cover image via u.today
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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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