Many analysts fear Bitcoin has not bottomed out, despite the recent strong rally

Caution: Bitcoin is likely about $ 3,000

Although market sentiment has become more optimistic, many analysts are still concerned that Bitcoin (BTC) has not reached the bottom. This is the reason that Bitcoin may drop significantly in the short term.

Bitcoin shows strong momentum today, continuing to maintain its momentum above the $ 6,000 region. This new bull run of Bitcoin only takes place after a few days of fluctuating in the area of ​​$ 5,000.

The race to surpass BTC of USD 6,000

Closing the March 20 trading day, the BTC / USD pair is trading at $ 6,608, up nearly 30% from the low of $ 5,100 of the previous day. This is a remarkable effort of Bitcoin when in the long time since the sharp decline on March 12, the coin has been around the region of over 5,000 USD.

However, it seems that this price adjustment of Bitcoin does not improve the confidence of many people. Crypto trader and cryptocurrency analyst CryptoGainz said he did not expect to see BTC's continued upward trend. The coin is putting pressure on the recently broken trend line.

CryptoGainz supposedly appears to have selling in the day trade.

Bitcoin has not hit the bottom yet

Although many investors believe that Bitcoin's recent lows will mark a long bottom for Bitcoin, there are also those who disagree.

Michael van de Poppe, a famous cryptocurrency trader, thinks Bitcoin will go down further before stabilizing. Although even if he is a positive reviewer for the coin in the medium and long term.

Michael also said these are the prices that provide opportunities for investors to buy hoarding, when this asset will increase the most in the next 5 years.

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According to BeInCrypto
Recompiled ToiYeuBitcoin

Nguyen Diep

My name is Nguyen Manh Cuong. I was born in a poor village in Ba Vi district, HA NOI province - windy and sunny land. Currently

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