Crypto Analyst Warns That Bitcoin Could Plummet To $42,000 If This Happens

Quick Summary:

A crypto analyst has highlighted a crucial support level for Bitcoin (BTC), emphasizing the possibility for BTC to plummet to $42,000 if it fails to maintain certain key levels.

He further indicated that the cryptocurrency might test these lower price levels as potential new support zones.

At the time of writing, Bitcoin’s price is trading at $64,104.Despite declining by 4.44% over the past week, the cryptocurrency remains on an upward trajectory, steadily approaching the $70,000 threshold.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: India

Topics: $42000 Plummet Warns Latest News Bitcoin News News BITCOIN Crypto Analyst

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-03 @ 06:47:31 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 495 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 21903857

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 15 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

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Publisher ID: #121

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