At the time of writing, the BTC / USD pair is trading at $ 3,800, which is 1.24% less than yesterday. The price of the largest digital asset returned to the Bollinger band after a short burst above the upper line.
Immediate support is at $ 3,600 dollars, the middle line of the daily Bollinger band is located directly below this level. On the other hand, critical resistance is created at $ 4,000.
Meanwhile, the head and founder of Morgan Creek Digital Assets, Anthony Pompiano, believes that the Bitcoin recession has not ended.
In an interview with CNBC, Pompiano said that Bitcoin will decline in the short term. Thus, Pompiano has reiterated his prediction that the price of Bitcoin will fall below $ 3,000 dollars before it reaches the bottom.
And what do you think about this? Is Anthony Pompiano's prediction come true?
