Wall Street analyst Carter Worth said that Bitcoin and Ethereum will fall further.
American financial analyst Carter Worth stated that Bitcoin and Ethereum are at a breaking point.
Wall Street Analyst Discusses Bitcoin and Ethereum
Worth said that he believes both Bitcoin and Ethereum will likely fall further.
This warning from the Wall Street veteran came after Bitcoin plunged to $19,458 on the Bitstamp exchange.
The leading cryptocurrency has shown signs of recovery this month. Especially the high inflation expectation caused the asset to jump even higher.
The other day, Bitcoin again fell below the $20,000 level, due to another downturn in the US stock markets.
Another analyst, Scott Redler, predicted earlier this month that Bitcoin would decline to $10,000 if it fails to maintain the $17,600 support level.
Bitcoin’s total market cap currently stands at $374 billion. The asset is down nearly 71% from its ATH level last November.
Bitcoin is trading at $19,554 at the time of writing, according to CoinMarketCap data.
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