Why A Bitcoin Price Breakdown To $50,000 Could Be Important For Long-Term Bullishness
Market / Price
A crypto analyst has shared two interesting scenarios she believes that the Bitcoin price could follow, depending on the direction of its next moves. According to the analyst, a price breakdown to new lows near $50,000 could be bullish for BTC, suggesting the cryptocurrency may reverse to the upside after hitting that bottom. On the other hand, she has also shared a bearish thesis which could see the flagship cryptocurrency extending its already prolonged downtrend. A Possible Bullish Scenario For The Bitcoin Price Crypto market analyst Tara has presented a price chart outlining a detailed roadmap for Bitcoin, depending on if it breaks upwards or downwards
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