A Reputable Crypto Strategist Warns Bitcoin Owners
A well-known and respected cryptocurrency specialist has issued a warning to Bitcoin investors. The expert thinks that a bearish reversal pattern may be underway for BTC.
Emergence of a Bearish Reversal Pattern
The expert believes that before witnessing a lower high structure, Bitcoin’s price will just briefly fluctuate around $21,000.
Situation to Be Wary of
According to the expert, if the head and shoulders pattern fails, Bitcoin’s price might fall significantly, possibly as low as $18,000. The expert thinks that the diagonal rising line could offer some support at this point.
Bitcoin’s exchange rate at the moment
The price of Bitcoin at the time of writing is $21,817, a little gain from the day before.