Crypto analyst Alex Krüger of Bitcoin: $ 20,000 level "crucial" for krypton's future

Crypto analyst Alex Krüger of Bitcoin: $ 20,000 level “crucial” for krypton’s future

On Saturday (June 18), when the price of Bitcoin ($ BTC) fell below the $ 20,000 level for the first time since December 2020, Alex Krüger, a macroeconomist, trader, strategic advisor and popular crypto analyst on Twitter, explained why this. the price level is so significant.

According to TradingView, on the cryptocurrency Bitstamp BTC, the dollar price fell below $ 20,000 at about 6.51 UTC, and currently (at 8.16 UTC) Bitcoin is trading at about $ 18,900.

Krüger said it would be crucial for Bitcoin to get back above the $ 20,000 level to see $ BTC as an “investable asset class,” and another popular cryptanalyst agreed with him.

It is important to note that yesterday Krüger warned that the $ BTC chart is “so broken that it is one of the history books”.

Charles Edwardsfounder of a digital asset management company Capriole investmentsBitcoin pointed out earlier today that the price of Bitcoin is now below its mining costs.

Meanwhile, the price of Ethereum today ($ ETH) fell below the $ 1,000 level – for the first time since December 2020 – at around 7.17 UTC, and is currently trading at $ 997.75 (8.30 UTC). .

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h/t – CryptoGlobe

Thomas Miles

Cryptocurrency is the most recently discovered currency which will be likely at the help of modernization across the next few decades. With a limited control from the government, the crypto market is independent of many features of a sound market as we know it. Thomas brings these stories to us by weaving them into articles of general importance to all those looking at the fluctuations in the market, or new entries. Thomas is also the founder of Bulletin Bits and is an excellent leader. His leadership is the kind that makes him the most knowledgeable and experienced on the team. His wonderful work ethic and attitude are worthy of imitation!

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