A popular crypto analyst is warning Bitcoin (BTC) could be in for a big fall if it drops below a key support level.
Bitcoin at a Tipping Point
Jason Pizzino, who has over 300,000 YouTube followers, says Bitcoin’s bull market could be over if it falls below $44,600. He calls this the “flipping point” between a bull and bear market.
“If Bitcoin closes below $44,600 on a weekly or monthly basis, it’s going to be bad news for the market,” Pizzino said.
Bitcoin is currently trading at around $60,707, down 1.7% in the last 24 hours.
Ethereum’s Future Uncertain
Pizzino also says Ethereum (ETH) could stay on an upward trend if it can climb back above $2,900. However, if it continues to struggle, it could fall back down to the $2,400 to $2,500 range.
Ethereum is currently trading at $2,601, down 2.8% in the last 24 hours.
Remember: This is just one analyst’s opinion. Do your own research before making any investment decisions. Crypto is a risky investment, and you could lose money.
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