Chief technical analyst at Renaissance Macro Research Jeff Degraaf (Jeff deGraaf) in the message to customers that came to CNBC, encouraged them to bet against bitcoin, the leading cryptocurrency if not hold on the level of support this year.
A leading analyst of wall street also added that “holders of short positions infamous parabolic motion”, and when the top, which for months looked like a descending triangle, finish the formation, breaking the support level, the asset may be considered “permanently weakened”, and its “game over”.
Recall that a month ago the head of the company’s digital assets Susquehanna International Group , Bart smit (Bart Smith) said that bitcoin is still the best choice for crypto-currency investors, as people use it functionally. As the founder of the cryptocurrency hedge Fund Pantera Capital Dan Morehead (Dan Morehead) said that investors shouldn’t overreact to negative news around bitcoin and the decisions of the Commission on securities and exchange Commission (SEC) in relation to ETF. At the moment, according to CoinMarketCap, bitcoin is trading at a price of $6421 per unit.