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.

Bitcoin price

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.

Bitcoin price chart from TradingView.com