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.

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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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