As the cryptocurrency market makes investors shiver due to the dwindling nature of Bitcoin price, analysts are weighing in on the crypto market situation to make observers aware of the next Bitcoin move.
This time, popular cryptocurrency analyst Crypto Michael has shown concern for Bitcoin trend, opinionating that if digital currency BTC moves to $10,100, chances are high that it drops drastically to $9,750.
The cryptocurrency expert made the assertion seeing that Bitcoin is trading around $10,140 having fallen from its previous point of $10400. However, he said the movement is still healthy for the Bitcoin market.
Still the same view on this one. I think that we'll drop to $9,750 if we lose $10,100.
Overall I'd say that it's still healthy and some consolidation will be good before continuation. pic.twitter.com/vsE0bn3Okk
— Crypto Michaël (@CryptoMichNL) February 14, 2020
Crypto Rand Disagrees, Says Present Market Situation Mere distraction
Crypto Rand, as market observers begins to panic informed that the present market situation is a big distraction for those willing to hold their asset till Bitcoin reaches $100,000.
He noted that price movement under $20,000 is keeping investors away from holding till $100,000 comes.
“Price movements under $20,000 have only been a distraction to shake you out before $100,000 Bitcoin,” Crypto Rand observes.
Price movements under $20,000 have only been a distraction to shake you out before $100,000 #Bitcoin
— Crypto Rand (@crypto_rand) February 14, 2020
Meanwhile, the cryptocurrency market is turning red at the moment, save for some digital currency that is trading in green.
XRP for example, accumulated a price growth around 8% yesterday. However, the story has changed; the digital currency is trading around $0.32 with a price loss of 1.4%.
