The post Top Analyst Predicts More Downfall for Bitcoin (BTC) Price: Will it Drop Below $27,000? appeared first on Coinpedia Fintech News
The crypto market is painted in red as the top tokens have been facing massive sell-offs in the past few days. The Bitcoin price, specifically, slipped below $28,000 but continues to remain stuck within the same regions at the moment. With the price displaying similar action, the possibility of a bearish outlook looms over the market. Meanwhile, the flagship crypto does not seem to remain under significant bearish pressure for long.
Although the BTC price is projected to maintain a healthy upswing, an initial drop is expected to attract significant liquidity that may assist the rally. One of the well-known analysts, Michael van de Poppe, believes the star crypto is more likely to visit levels below $27,500 in the next couple of days and test the liquidity zone. Meanwhile, the drop could be followed by a fine upswing.
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