Fall to 75,000 for bitcoin
Current market conditions indicate that the price of Bitcoin has declined.
The decrease in demand for Bitcoin purchases and the increase in Bitcoin sales indicate that the price of Bitcoin could fall to $75,000 in the coming weeks.
On the one-day timeframe, Bitcoin technical analysis has correctly shown that supply has increased relative to demand for buying, and if buyers cannot maintain the upper $80,000 range, Bitcoin will fall further to the $75,000 area.
I think Bitcoin is caught in a major economic challenge originating in the US. The Federal Reserve and Donald Trump can influence the current state of the cryptocurrency market. What do you think?
Bitcoin price is likely to touch the $75,000 area. Current market conditions do not indicate demand for buying.
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