RATE Group | Bitcoin Price Could Collapse to $2,000 Based On Golden Ratio
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Bitcoin Price Could Collapse to $2,000 Based On Golden Ratio

21 Apr Bitcoin Price Could Collapse to $2,000 Based On Golden Ratio

Posted at 20:24h in Bitcoin News by

Bitcoin price has failed to reclaim and hold above $7,000 and could retest lows set a month ago on Black Thursday.

However, if that recent low fails to hold, the first-ever cryptocurrency could fall to nearly $2,000 according to a mathematical figure that coincidentally is located at an untapped support level from past Bitcoin bull cycles.

Losing $7,00o Puts Bitcoin Price At Risk for Dangerous Drop to $2,000

After repeated attempts to push strongly above $7,000 and hold, bulls have now lost control over Bitcoin price action once again to bearish traders, hoping to short the cryptocurrency to new lows.

At the start of the year, Bitcoin price reached over $10,000, then in less than 48 hours plummeted to $3,800 on the day now known as Black Thursday – a day that set record-breaking collapses in the stock market, crypto, and much more.

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