The Bitcoin Bull And Bear Cases That Crypto Traders Should Know About

The recent Bitcoin price decline has already triggered a major sell-off wave across the crypto market, and it doesn’t seem to be letting up anytime soon. While trading below $90,000, there are a number of implications for the pioneer cryptocurrency depending on the next move. The tug-of-war between the bulls and the bears makes either direction possible, and with major levels lying at risk, a crypto analyst has analyzed what the consequences of each move could be. How Bitcoin Price Could Play Out Either Way Crypto analyst HAMED_AZ analyzes the Bitcoin price chart, pointing out the current trend and what could lead to either a recovery or a crash. First, the crypto analyst outlines that the bitcoin price is now in a corrective phase. This began with the all-time high record of $126,000, and since then, the cryptocurrency has lost more than $35,000 of its value. Related Reading: Citi Projects $143,000 Base Case For Bitcoin In 12-Month Outlook The corrective phase also places the cryptocu