An analyst warns: The next target for bitcoin is between $ 21,000 and $ 23,000



A bitcoin market analyst says bitcoins and altcoins are now in a critical situation. The continuation of the downward trend may lead to a sharp decline in the price of these digital currencies.

According to the Daily Hoodel, a digital currency analyst nicknamed Capo told his 266,300 Twitter followers that Bitcoin’s “main price target” is somewhere between $ 23,000 and $ 21,000.

Digital Currency Analyst Warning: Bitcoin's next target is between $ 23,000 and $ 21,000
Chart the price of bitcoin and the formation of a bearish flag in the 2-day market view.

At the time of writing, bitcoin is trading at about $ 34,400 and has lost about 10 percent of its value in the last seven days.

In addition, Capo believes that altcoins are at a very critical point and their prices may fall sharply in the future.

He said:

ALT-PERP index [که متوسط قیمت آلت کوین‌های منتخب بازار را اندازه‌گیری می‌کند] On the verge of breaking its main support. The next support for this index is 50% lower than its current level. As the index falls below this level, the pressure to sell in the Alt Quinn market will increase.

Digital Currency Analyst Warning: Bitcoin's next target is between $ 23,000 and $ 21,000
Indicator ALT-PERP.

Capo said his predictions for the Atrium were also correct and that the digital currency could face future adjustments.

About the atrium he said:

The main goal of the Atrium is $ 1,100 to $ 1,300. This means that the price of the Atrium has been reduced by 50%; Not 70%.

At the time of writing, the Atrium is trading at about $ 2,500 and has lost about 5 percent of its value in the last 24 hours.

According to Capo’s predictions, “SAND”, the natural symbol of the Chinese blockbuster game Sandbox, will continue to face such a correction. He says the price of the digital currency could fall in the range of $ 0.95 to $ 1.00 as sellers have just crossed the important chart support zone.

Digital Currency Analyst Warning: Bitcoin's next target is between $ 23,000 and $ 21,000
1-day chart of sandstone prices.

In terms of market value, Sandbox is the 44th largest digital currency on the market. The digital currency traded at $ 1.9, which is 5% less than the previous day. The move to the downward trend of Capo at $ 0.95 shows that the sandbox has the potential to experience a correction of 50% or more.

An analyst warns: Bitcoin’s next target of between $ 21,000 and $ 23,000 first appeared in Digital Currency.

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