Bitcoin Price Consolidates In Tight Zone: Why A Crash To $85,000 Is Likely
Analysts are currently leaning towards a further breakdown in the Bitcoin price, as market volatility has positioned the pioneer cryptocurrency in a tight consolidation zone. Crypto expert Hamed_AZ on TradingView has shared a bullish and bearish outlook for the Bitcoin price. However, the analyst highlights that a crash of $86,000 is more likely.
According to Hames_AZ, the Bitcoin price is set to decline further, possibly reaching new lows at $86,000. The analyst revealed that the cryptocurrency continues to trade sideways, failing to break out of its present consolidation zone.
Bitcoin Price Set To Crash To $86,000