Analyst Predicts Bitcoin Price May Drop to $73,000 Soon
RLinda, a TradingView crypto analyst, has issued a bearish forecast for Bitcoin, predicting a potential drop to $73,000 following its inability to maintain momentum above $91,000. Key points include:
- Bitcoin is currently struggling with bearish market conditions.
- The analyst identifies a sell zone after a false resistance breakdown.
- A predicted decline of 11% may soon bring Bitcoin down to $73,000.
- Market volatility has increased due to recent comments by US President Donald Trump regarding the Federal Reserve.
- Investor profit-taking has occurred due to lackluster market performance.
Bitcoin is currently trading in the $90,000 - $82,000 range. A breakdown below $82,000 could trigger further declines towards $78,000 and $73,000. Key support levels are at $82,000, $78,000, and $73,000, while resistance levels are at $89,400, $91,000, and $93,000.
