Bitcoin price has been hovering around the $24,000 mark on Monday, causing a lot of turbulence in the crypto market. A majority of coins have been impacted thanks to the Bitcoin price freefall.
While many in the crypto space believe the Bitcoin bottom is around the corner, top traders predict otherwise. Some analysts even go to the extent of predicting a Bitcoin low around $19,000 in the current cycle.
Crypto Low Prediction
A crypto enthusiast ‘Bull of Binance Street’ told his followership of over 3 lakh about crypto hitting lows. Earlier this year in April, he predicted the next bottoms for Bitcoin, Ethereum and BNB token. His first call of Bitcoin reaching between $22,000 and $25,000 turned right on Monday.
The other two predictions were of Ethereum touching $800 to $1,200 levels and BNB reaching $40 to $80 levels. While they are yet to be realized as of now, it is not too far from realizing given the current prices and the selling pattern.
As of writing, Ethereum is trading at $1,232, down over 18% in the last 24 hours, according to CoinMarketCap. On the other side, BNB is currently trading at $225, which is quite far from the $80 levels.
Bitcoin Bounce Levels
In a latest, the Bull of Binance Street made a new prediction on the new Bitcoin bounce level. As of writing, Bitcoin is trading at $23,485, down by around 16.25% in the last 24 hours.
The trader expects Bitcoin to bounce at the $22,000 level. “I think 22700 we should bounce on $BTC.”
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.