RATE Group | Bitcoin and gold toying with a massive selloff, is $1,000 in the picture?
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Bitcoin and gold toying with a massive selloff, is $1,000 in the picture?

25 Apr Bitcoin and gold toying with a massive selloff, is $1,000 in the picture?

Posted at 23:45h in Cryptocurrency News by

  • Bitcoin price recovery towards $8,000 in grave danger as a bearish pennant formation continues.
  • Bitcoin price vulnerability at $7,200 could culminate into another selloff that could test $1,000 according to a trader, Henrik Zuberg.

Bitcoin price managed to stay above $7,200 support in the wake of rejection from levels under $7,500. The most traded cryptocurrency has stepped above $7,300 but is currently struggling with the resistance at $7,400. Across the cryptocurrency market, bears appear to be taking over control. All the top three cryptoassets are slightly in the red. Ethereum is trading marginally below the opening value at $173.31 while Ripple is down 0.88% to trade at $0.20.

Bitcoin price eyes $1000: Henrik Zeberg”

A cryptocurrency trader and analyst on Twitter Henrik Zeberg is not afraid to openly speak of Bitcoin’s possible dive to $1,000. Zeberg is choosing to remain bearish in spite of Bitcoin price recovery from levels around $3,864 (reached in…

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