Crypto analyst Crypto Banter says Bitcoin could increase or decline further in the coming days.
The analyst says the current bear has spanned 490 days, making it the longest.
Bitcoin needs to hold its $24k support to avoid a steeper decline.
Crypto analyst Miles Deutscher, known as Crypto Banter on YouTube, in a recent post, said the world’s largest cryptocurrency is tittering on the edge of a potential bull run or a much worse bear fall. According to the analyst, Bitcoin’s price actions in the next few days will determine the trend the token will follow.
Notably, the analyst said the current bear market is the longest ever since. Since its start, the bear decline has stretched a cumulative 490 days, making it one of the worst ever seen. While Bitcoin has held itself against the selloff pressures, the token gave in this August, becoming a catalyst for a wider market selloff.
According to Crypto Banter, chart analysis shows that a low of $16k price is still possible. However, if the crypto can hold its $24,000 key support level, then that possibility is reduced.
