Important Bitcoin Levels

Bitcoin managed to slip below the $7 thousand level on Sunday night, leading analysts and experts to change their predictions on the apex token. According to these pundits, $48 thousand and $49,400 are the most important levels at this moment. Other analysts believe that Bitcoin needs to break through $53 thousand to get back on track. Others are thinking bigger, noting that they will remain bearish until they see Bitcoin get back to $58 thousand or even $60 thousand. Some even believe that Bitcoin could experience a parabolic 1st quarter, especially as the consensus seems to be that the bottom has already been reached. At press time, Bitcoin was up a fraction of a percent, trading at just over $47 thousand.