Bitcoin Price Falls Below $100,000 as Analysts Suggest Buy Levels
Bitcoin's price dropped below $100,000, prompting analysts to discuss potential future movements. A crypto analyst known as Astronomer provided insights on possible price levels and buying opportunities.
Next Course of Action After Crash
- Price fell below expected levels; further decline may occur.
- Potential reversal towards $95,000 with a bounce up to $110,000.
- Investors advised to consider buying around $97,000, despite potential lower prices.
- Weekend lows often revisited; current low remains above $97,000.
- Geopolitical factors also influencing sentiment.
Where Is The Bitcoin Price Headed?
- Recent ceasefire agreement between Israel and Iran led to initial price recovery, reaching $106,000.
- Market sentiment shifted from Fear to Greed as investors re-entered.
- Astronomer cautioned against buying during euphoric periods, suggesting waiting for a correction.
- Recommended creating a solid investment plan and adhering to it.
