Bitcoin has lost a few hundred dollars in the last few hours and has been re-drawn to $ 7,300.
Names like Michael van de Poppe think that the Bitcoin price could drop to $ 7,000 after this stage, and could go up to $ 8,000.
According to Coinmarketcap data, Bitcoin has lost nearly 5 percent in the last twenty-four hours and has fallen back to under $ 7,400.
While it is not known exactly what triggered this drop in bitcoin prices, some analysts think it may be due to futures markets. According to these analysts, the price gap in the futures market may have forced the Bitcoin price to fall somewhat.
When there is a price gap in the futures market, Bitcoin generally acts to cover it. Michael van de Poppe thinks that Bitcoin might do something like this one.
According to Michael van de Poppe, although there is a price gap that will lead to a decrease in the Bitcoin price, there is also an opening that can increase Bitcoin. That’s why he thinks that Bitcoin will either fall to $ 7,000 or rise to $ 8,000:
I wonder if we can overcome the $ 7,400 barrier at this stage. If we break this resistance, we can go up to $ 8,000. If we do not break the price can be drawn to 6 thousand 900 or 7 thousand dollars.