Analyst: The price of bitcoin may fall to $ 42 thousand

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If the bitcoin rate does not stay above $ 43.6 thousand, the fall may slow down near $ 43.2 thousand, warned NewsBTC analyst Ayush Jindal. If the rate falls below this zone, it can fall to $ 42 thousand in a short period of time, writes RBC Crypto.

As of September 27, 19:00 Moscow time, the first cryptocurrency is trading at $ 43.3 thousand.Over the past day, bitcoin has risen in price by 0.5%, the Asset is recovering after its price dropped to $ 40.7 thousand on Sunday morning.

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According to the analyst, bitcoin broke through the bearish trend line, which passed at around $ 42.4 thousand. In case of growth, the first cryptocurrency may face resistance at around $ 44.8 thousand. The next important zone will be $ 45 thousand.

If the cryptocurrency can gain a foothold above $ 44.8 thousand and $ 45 thousand, it can start to steadily grow in price, Jindal says. The next resistance zones will be at $ 45.5 thousand and $ 46.2 thousand, the expert emphasized.

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