Analyst: Separate technical analysis based on chart patterns suggests Bitcoin could fall to $30,000

According to a report from IG Australia Pty market analyst Tony Sycamore, despite worsening overnight risk sentiment, Bitcoin still shows impressive resilience. At the same time, separate technical analysis based on chart patterns suggests that it could temporarily fall to $30,000. Caroline Mauron, co-founder of Orbit Markets, a provider of digital asset derivatives liquidity, said that we expect the market to pause briefly before the upcoming Bitcoin halving, after experiencing an amazing four-month rally.