Bitcoin’s Sharp Decline Continues: What Are The Experts’ Predictions On This Subject?
- June 20, 2022
- 0
(This content is not investment advice.) Bitcoin in the last 1 week, maybe it has been alive one of the biggest and fastest drops He lived and got
(This content is not investment advice.)
Bitcoin in the last 1 week, maybe it has been alive one of the biggest and fastest drops He lived and got the hands of all cryptocurrency traders. Bitcoin, which plunged below the 25,000 resistance point 6 days ago, dropped below $20,000 the day before.
Bitcoin, which plunged to the $18,000 level yesterday, trading today for $19,000 however, this unstable situation of Bitcoin is worrying. So what are Bitcoin experts’ comments about the future of cryptocurrency?
Experts Aren’t Very Optimistic About Bitcoin’s Future
Investors are very nervous as Bitcoin drops below $20,000. People use cryptocurrencies He doesn’t know how low it will go. Ki Young Ju, cryptocurrency analyst and CEO of CryptoQuant, offered his expert insights on the subject.
We have to say that their opinion not very encouraging. Ju said that 15,000 BTC is flowing in from Coinvase to Bitfinex. Crypto hedge funds have also filled in collateral for long positions. Cryptocurrency exchanges have been padding the liquidity to fulfill their clients’ sell orders, the expert said. For this reason he has Bitcoin will continue to fall in the near term. stated.
What do you think? Don’t forget to share your thoughts with us in the comments section.
(This content is not investment advice.)
Source: Web Tekno
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.
