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Toward US$25,000: Bitcoin falls further as analysts see cryptocurrency tests bearish support

By Toni Sciarretta

Bitcoin and Ether retreated on Thursday amid doubts about a deal to raise the US debt ceiling and pressure from the expiration of cryptocurrency options on Friday.

With pessimism, chartist analysts see the possibility of Bitcoin testing the US$25,000 range before moving back toward US$30,000.

Ayron Ferreira, a chief analyst at Titanium, believes that an agreement in the US Congress will only occur at the final moment, which should keep the market tension in the coming days.

"It is a serious issue, so the market has reacted accordingly."

"A default would bring serious . . .

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