bitcoin (BTC / USD) is trading around $19,900 as prices bounce from intraday lows. While BTC could yet break above $20,000 and attempt further recovery, a top crypto analyst says bears might still have the upper hand.
Bitcoin price prediction: BTC confirms bearish Double Top formation
Bitcoin risks a retest of support near $19k, crypto analyst and trader Rekt Capital has បានកត់សម្គាល់. While still bullish on Bitcoin revisiting the macro downtrend line from below, the analyst says the latest weakness could see bears target fresh lows near mid-January prices. In his view:
“BTC has reached the $19,700s after confirming the breakdown from its bearish Double Top formation. However, a Double Top technical target for $BTC is around the low $19,000s. So some additional downside is not out of the question.”
Source: https://invezz.com/news/2023/03/10/bitcoin-price-prediction-top-analyst-says-19000-could-be-new-technical-target-for-btc/