Main takeout
- Bitcoin has declined 21% in history, Wolfe Research warned.
- Analysts suggest that Bitcoin can drop to $ 70,000 if the level of $ 90,000 is not played.
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BITCOIN recorded the lowest level of $ 79,500 in Binance on Thursday, decreasing 26% in the January peak.
According to Wolfe Research, leading digital assets can retreat to $ 70,000, invisible after the election day.
Wolfe Analyst pointed out that when Harvey warned when it reached the mid -70,000 dollar, the rest under the support of the key $ 91,000 was weak and related to the current price measures.
“$ 91,000 has been on the bottom for the last few months. As the level is now turned off, it will send a very weak message that is less than other V -shaped public hold response. Harvey is not good as CNBC reported. ”
If the weakness is strengthened, Harvey predicts that the price can be completely reversed to the prior to the election.
The decision to impose tariffs on major trade partners, including President Trump’s Mexico, Canada and China, has raised concerns about economic slowdown despite the initial optimism after administrative orders for elections, inauguration and encryption.
According to Harvey, if investors feel uncertain about the economy, they tend to be in danger, resulting in the results of stocks, goods and encryption assets.
Analyst said, “The uncertainty is at the forefront of investors’ concerns, and the willingness to take risks is rapidly weakening.”
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