Cryptocurrency strategist and pseudonymous analyst pentoshi warns against Bitcoin BTC/USD and the wider crypto market.

Sharing his thoughts with his Twitter followers, Pentoshi said that if Bitcoin breaks below the support level of around $23,300, it is likely to drop to the price level around $21,000.

He added that if the largest digital asset by market cap dips below the $23,300 support level, the bullish thesis for Bitcoin will become invalid.

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Speaking about the crypto market, he said he is not as bullish on the market as he was a week ago and his confidence has waned compared to last week due to the slowdown in momentum.

Earlier this month, Pentoshi predicted Bitcoin could go as high as $25,000 ether ETH/USD could make a “god candle” towards $1,900 if BTC flips $23,300 and ETH flips $1,680.

At the time of writing, Bitcoin was trading at $23,043, down 6.3% over the past seven days. BTC is down 3.5% in the last 24 hours.

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