Bitcoin can also be targeted at $ 7,100

It seems that Town Weiss expects the price of Bitcoin to fall.

In a recent Twitter post, the former Wall Street trader said Bitcoin could hit $ 10,000 once more if it broke through a high level of resistance.

 However, the largest cryptocurrency is likely to decline after Bitcoin fell to about $ 9,100. Weiss expects us to return to the $ 7,000 level this summer.

According to him, BTC is about to complete a bullish upward triangle on the daily chart. Since Bitcoin fell to $ 8,100 on May 10, the leading cryptocurrency has made a series of higher lows that outline the downtrend.

This formation gives a signal for more profits, as obviously buyers are more persistent than sellers. The price must break the upper trend line to continue its rise.