Recently, the Bitcoin market has been floating around $10 thousand. The value is currently sitting at $9,714 and it has dropped over 3 percent in the last twenty four hours.

Even though the value of Bitcoin is more than 5 percent higher than its monthly low of $9,150, it still sparks worry in investors that Bitcoin is in a dangerous zone. Yet, there are still many indications that the market is bullish.

One of the famous crypto analysts Twitted that Bitcoin is approaching the regression curve and will rapidly decrease in price int hat case. If the first crypto coin drops more the situation will become extremely unfavorable for investors.

Another analyst suggested that as the highs and lows drop, next week the crypto coin will hit $8975. Losing $9 thousand is going to start a chamber of negative price shifts.

However, the move toward $9 thousand had already been predicted. After Bitcoin failed to reach $14 thousand it was forecasted that the coin would reach $9 thousand and go below that. The analyst also said that the currency would most likely decrease to $7.5 thousand.

Bitcoin is in a small bull market moving upwards since April 2019. Although Bitcoin is showing negative signs the market will most likely fall in the upcoming days and then gain momentum right after.