Best Crypto to Buy Now as Analyst Warns Bitcoin Could Drop to $72K
Bitcoin had a positive start this week, finding support at $85K. However, BTC has reverted back to its negative trends, falling by 3% in the last 24 hours and hovering just above the $84K level. This has resulted in the token breaking down from its rising channel and falling in line with the descending pattern as shown in this chart.
The chart also shows that the token is currently trading below its 200-day moving average, which means a further downside is possible if this trend does not change any time soon.
Based on this and multiple regulatory conditions and market conditions, macroeconomic market analyst Capital Flows has said that BTC could correct to the $72K-$75K range if liquidity remains unchanged.
Capital Flows…
