Traders are warning that Bitcoin (BTC) could drop to $25,000 after hitting new intraday lows on April 21. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD struggling to maintain support above $28,000 on Bitstamp. Analysts believe the pair looks “weak”, and one predicted that a final crucial level at $27,600 could be lost, potentially leading to a drop to $26,200. Prognoses for Bitcoin now focus on a potential return to the area around a key trend line, and $25,000 is seen as “absolutely fine” and an example of “a little bit of a deeper pullback” rather than a significant trend change. One analyst predicts that all gaps on the chart, including one near $20,000, will eventually “get filled”.
Bitcoin price fills CME futures gap but forecasts say $25K may be next
