Bitcoin bulls continued the fight with bears near the support level of 43,000 dollars on September 27, as China’s tough measures against all cryptocurrencies stopped last week’s positive price action and dampened gains that day.
According to Eric Crown, cryptocurrency trader and owner of Crypto Cave Crown, what happens next with Bitcoin (BTC) “really depends on the time frame you are talking about”, but he is currently focusing on the more medium to long term.
In a recent release of the Cointelegraph Market Report, the cryptocurrency trader noted that for now “we will probably hover around this $ 40,000 lichen” and suggested that he “should look at this potential swing right here.” “If BTC can hold $ 42,000.
If BTC does not maintain this level of support, Crown indicated that the price could continue to fall for a while and fall “all the way down to $ 32,000- $ 33,000 [to fill] the gap on CME that arose several months ago.”
Although this is one of the possible scenarios, Crown suggested that he sees a more positive future for the price of bitcoin as we enter the last quarter of 2021.
“Actually, I’m a little more optimistic here. I really think that if Bitcoin gets to the bottom of this and spends some time in that area, or if it falls to $ 32,000- $ 33,000, I really think that the end of the year will probably look good from the most probable point of view.
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