Fundstrat’s Mark Newton believes that Bitcoin will continue to fall, but investors will get new opportunities. Recall that in the last six months, bitcoin has fallen in price by more than 50%, while many make negative forecasts.
Mark Newton argues that there is a high (above average) probability that Bitcoin will continue to fall below the current level, which many considered to be the bottom. He believes that a pullback below $19,744 will pave the way for a drop to the $17,592 area, where Bitcoin was temporarily located not too long ago.
If the main cryptocurrency does not stay at this mark, it can easily drop to $12.5-13k, where the next support zone is. At the same time, investors looking for a great buying opportunity will get it.
Analysts recommended preparing to buy bitcoins at a very low price in the next two to three weeks.
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Source: IXBT
