Bitcoin (BTC) After breaking the all-time record by throwing a needle at $ 68,000, the price fell again sharply and almost retreated to the level of $ 60,000.
It was actually expected for Bitcoin to experience this a few days after receiving the expected ETF news, and the upside is experiencing the reverse effect.
Although the Bitcoin price plunge of approximately 10% indicates normal consolidation, the rest of the market panicked. A famous cryptocurrency analyst emphasized that they are not needed.
Expert Comments for Bitcoin
Analyst Michael van de Poppe, who also has a serious following from Turkey, stated that the $64,000 level is very critical.
The analyst stated that there may be a correction here, implying that $ 64,000 will actually come to the fore as support again.
According to analyst If the $60,000 support is not lost on the weekly chart The situation is not as bad as one might think and even quite good.
Another popular analyst TechDev emphasized that for $250,000, everything is still going well.
The analyst stated that he has historically examined the charts and looking at the long-term price action of BTC, between $228,000 and $250,000 is the end point of this rally.
These promising statements of the two analysts indicate that the decline in the market will not continue for a long time. At least, the fact that BTC continues to stay above $ 60,000 shows this.