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Crypto Trader States That BTC Will Drop Below $20K This Month

Published 2023-02-11, 08:23 a/m
Updated 2023-02-11, 08:45 a/m
© Reuters Crypto Trader States That BTC Will Drop Below $20K This Month

Coin Edition -

  • Rekt Capital shared his technical analysis for BTC on YouTube yesterday.

  • BTC is experiencing its first dip in price for 2023.

  • Rekt Capital believes that BTC’s price will drop below $20k this month and will target $18.1k.

The crypto market leader, Bitcoin (BTC), experienced a drop in price over the last 24 hours according to CoinMarketCap. At press time, BTC’s price is down 0.85% and is trading at $21,705 as a result. This 24-hour drop in BTC’s price has added to its negative weekly performance. Currently, BTC’s price is down more than 7% over the last 7 days.

The crypto trader, Rekt Capital, uploaded a video on Youtube yesterday wherein he shared his technical analysis for BTC. The trader started the video off by highlighting the fact that BTC’s price is seeing its first dip of 2023, which can be seen on its monthly chart.

CoinMarketCap shows that BTC’s price is currently down 6.21% this month. This is after BTC printed a 39.79% monthly gain in January of this year.

Monthly chart for BTC/USDT (Source: TradingView)

Rekt Capital added that BTC’s price will likely target the psychological $20k level this month. This level is also the range…

The post Crypto Trader States That BTC Will Drop Below $20K This Month appeared first on Coin Edition.

Latest comments

The pop in January was just a lure to get more people trapped in the market when the planned recession comes.
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