Cryptocurrency Analyst Pentoshi Forewarns of Market Downturn and BNB’s Future

Renowned cryptocurrency investor and trader Pentoshi, who rose to fame by accurately predicting the end of Bitcoin‘s (BTC) bull market in 2021, warns that selling pressure on the largest cryptocurrency could increase. He also signals a word of caution about Binance‘s BNB, a leading altcoin. Pentoshi Expects Bitcoin to Retreat to $20,000 The anonymous cryptocurrency analyst Pentoshi asserts that Bitcoin appears dangerously close to breaking its crucial support around $25,000. According to Pentoshi, any downturn in the U.S. exchanges could trigger a new fall for BTC: The issue is, with BTC, ETH and the overall crypto market showing weakness while S&P 500 and Nasdaq are likely near or at local tops, I feel that Bitcoin has a strong potential to break 90-day ranges. I have marked the two most intriguing levels in a possible upcoming breakdown. Examining Pentoshi’s graph, a move below $25,000 would initially result in BTC dropping to […] The post Cryptocurrency Analyst Pentoshi Forewarns of Market Downturn and BNB’s Future appeared first on COINTURK NEWS.