The Bitcoin price is slipping into a critical area following a decline in the previous buying pressure. Many traders and investors in the crypto market wonder if the top crypto will recover as confidence in a new Bull Market barely show signs of a recovery. Related Reading: Bitcoin Risks Pullback To $105,000 After Facing Rejection Above $110,000 Bitcoin price trends to the downside on the daily chart. Source: BTCUSDT on Tradingview Top Bitcoin Pundit: Watch Out For This Level According to Daan Crypto, a senior crypto analyst, the Bitcoin price has weakened due to changes in the macroeconomic arena. In that sense, the analyst believes bull must hold the levels above $99,000 or they risk a bigger decline into the monthly lows sitting at around $90,000, as seen in the chart below. Some of the elements affecting the Bitcoin price on the macro side include a good Consumer Price Index (CPI) print from the US, and a ‘good deal’ between this country and Chinese representatives. These news indicate decline in inflation and potentially an end to trade war between the ..
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