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Bitcoin price is dropping as predicted

Written by  Guest Contributor: Anthony Marks - Crypto Trader Jun 26, 2020

Bitcoin price is dropping as previously predicted in my diary entries.

Most Bitcoin analysts saw that the price could not keep going up and its levels were unsustainable.

btc 26 juneBTC/USD 4 day chart by Tradingview

Due to technical indicators and market sentiment which are two major factors, not just in Cryptocurrency but in the major stock markets too.

The affects of Covid-19 and the ongoing uncertainty in world economies also has its part to play.

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My small selling position is gaining ground and the $8500 mark seems more and more realistic.

I am still staying long on my buying position as I do believe the Bitcoin will rise again and reach new heights.

Also see: As US jobless rockets, Bitcoin’s outlook is gloomy

But for now I'll take profits on the price drop and wait for the price recovery, eventually!

Quite a controversial opinion, do you agree? Comment below or follow us on Facebook or Twitter.

Disclaimer. This analysis and forecast are the personal opinions of the author that are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Cryptosavvy.co.uk. Readers should do their own research before investing funds.

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