The first crypto currency is traded at $ 7420. Its rate should not fall lower in the near future, but if it happens, it can collapse, says Fundstrat analyst Robert Sluymer
The cost of bitcoin is at a critical level, it should hold at around $ 7,400, so as not to fall to $ 6,000 in a short space of time, says Robert Sluymer of Fundstrat. Over the past day, the average market price of the first crypto currency fell 4%, now it costs $ 7420.
The specialist noted that according to the results of the technical analysis, the first crypto currency returned to the key support level, at which it was already in June and in the middle of July. Now you can buy bitcoin to make a profit in the long run, but you need to be careful, as its rate may fall sharply, warned Slymer.
In turn, the head of the department of digital assets of the company Susquehanna Bart Smith called an important level for bitcoin zone at $ 6,800. Previously, Analyst TradingView Dmitry Lavrov predicted a decline in the rate of the first crypto currency. He noted that after the price of the coin drops to $ 5000- $ 6000, it will rise sharply to $ 10,000.