Well-known cryptanalyst and co-founder of Blockroots Josh Rager believes that the bitcoin price that has fallen below $ 10,000 is a real gift that needs to be used.

He expressed the corresponding idea on Twitter on Saturday, when Bitcoin once again dropped below $ 10,000.

$ BTC Scenario

If you want to see it

I’m following below $ 9690 or bullish w / break above $ 10,586 & preferably $ 10,854 pic.twitter.com/4iceC4jaS9

– Josh Rager ? (@Josh_Rager) July 27, 2019

According to Raiger, Bitcoin was at potentially low highs and, most likely, for some time will hold out at levels below $ 9,690. The trader does not exclude that if the local resistance level cannot be broken, the first cryptocurrency can test the weekly support level at $ 9,000.

At the same time, if the weekly trend turns out to be bullish, the price could rise to $ 10,586. A preferred level that would confirm the reversal would be a resistance level of $ 10,854, he believes.

$ BTC levels to watch

A close above $ 10,190 weekly close

It would take a break & close above $ 10,854.

Back to sub $ 9000 pic.twitter.com/nGRsLWsNx6

– Josh Rager ? (@Josh_Rager) July 27, 2019

Be that as it may, Rager made it clear that he did not believe in a change in market sentiment towards bearish, and therefore said that Bitcoin below $ 10,000 could be considered a good gift.

$ BTC Update

The "potential" is playing out with a price below $ 9,690

Lower the-low

4-digit BTC is still a gift https://t.co/Eclvfrs92b pic.twitter.com/ofXvPFNSB7

– Josh Rager ? (@Josh_Rager) July 27, 2019

As of 12:00 UTC Sunday, the weighted average rate of Bitcoin, according to the CoinMarketCap, was $ 9,526.

Follow BlockchainJournal on Twitter !