Bitcoin returns below $ 7,000, the trader expects possible collapse to $ 6,300

in #bitcoin5 years ago

Bitcoin (BTC) price has gone down by about $ 200 in minutes this morning, slipping below $ 7,000 for the first time in the past four days.
Coin360 and Cointelegraph Markets data show that the BTC / USD pair fell below the $ 400 corridor between $ 7,100 and $ 7,410, where the price remained for most of the week.
As of this writing, the Bitcoin value is around $ 6,915.
3143414223-054b06b13d6cb8a2d83af0b83186bb2a4d53509cb48dbcc92e8e36c6cfad4eaf.png
Possible collapse at $ 6,300?
As already predicted by some traders, we have not seen further price increases above $ 7,200. At the same time, the $ 6,900 share proved to be a solid support: if however this level were broken, according to Michaël van de Poppe the BTC price would drop to $ 6,300.

In particular, yesterday the analyst commented on Twitter:
"We could see a fall in liquidity in the area between $ 7,500 and $ 7,700, after which I expect a rapid decline. If we also lose the area at $ 6,900, however, I think3143414223-2bf464fe91c989d93d87af309d2fb5ea2fe107fb82da1267f687cbd3b6fd19e2.pngwe will go directly to $ 6,300."

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