Main page News, Fintech, Bitcoin, Cryptocurrency
Hot topic
7 February
91 91

According to Fundstrat Global Advisors analytical strategist Robert Sluymer, the world’s leading cryptocurrency by market cap bitcoin (BTC) may fall down to the key level of $3,100, Bloomberg states.

Sluymer says the price for most cryptos remains weak and "appears vulnerable to a pending breakdown to lower lows."

"A break below the fourth-quarter lows at $3,100 would imply a decline to $2,270, while a move above $4,200 is needed to signal Bitcoin is beginning to improve," Sluymer said.

Earlier, Co-Founder of Fundstrat Global Advisors, Tom Lee, said Fundstrat won’t make any price predictions regarding bitcoin because of "the inherent volatility in crypto."

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error