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

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

Thu, 27/09/2018 - 18:36

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

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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.

#Bitcoin News #Bitcoin Price Prediction

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.