As cryptocurrency market witnesses a nasty pullback, some experts in the field are still sure Bitcoin (BTC) won’t go under $4,000. One of those who believe in the impossibility of Bitcoin going down below $4k is a cryptocurrency podcast host, Michael Nye.
Nye, who is the host at Evolvement, a Nexo-sponsored Bitcoin podcast, said BTC won’t go below $4k level again, however, an impossible for the digital asset to test $3,900 support level, no matter what.
In a tweet, the crypto guru he debated the recent rally bitcoin earlier maintained in the market as one which will make the price coin never go below $4,000, signaling that come what may, Bitcoin is poised for a bull run.
He said: “My opinion: We won’t see #Bitcoin under $4k ever again.”
Commenting on his tweet, some crypto enthusiasts averred that $4K is now the bottom for the digital asset. Those who say Bitcoin cannot go lesser than $4,900 believe the digital asset is currently overbought and has the potential of pulling back to $4,900 before it kickstarts a final bull run.
Will Bitcoin Price Go Below or Touch $4,000 Again?
Observers have posited that $4,200 is the lowest Bitcoin could go, however, the nasty and hasty nose-diving of the digital asset at the time of writing is baffling crypto observers.
Now, Bitcoin and other digital assets are pulling back. BTC, at the time of filing this news is trading around $5,040 with over 4% decrease within 24hrs, as against $5,421.65, which was still the highest the digital asset has touched since the beginning of this year.
For now, Bitcoin appears to be returning to $4,900 as this is the possible level the coin could reach before jumping again.
Meanwhile, crypto market observers are still following the present crypto uncertainty as Ethereum and other digital assets slump, save for Crypto.com Chain (CRO) and Lambda (LAMB), an unknown digital asset, which are soaring in the space.