Analyst, who expected a bounce and then a drop in Bitcoin, shared his worst scenario!

It was a volatile day yesterday after the inflation data that came above the expectations. With the US stock markets closing the day positive bitcoin also increased to the $20,000 limit again.

10% volatility in a day confuses investors found the bottom? Are we rising now? questions increased.

In many of our analyzes, regardless of the macro view, We have stated that gradually buying Bitcoin under $20,000 will have positive results in the long run. Regardless of Bitcoin’s short-term direction, we hold this view.

But there are also analysts who think that Bitcoin can reach much bigger bottoms.

Analyst Gareth Soloway bitcoinHe thinks we can see bigger bottoms as the war of ‘s in the macroeconomic environment continues.

What’s the Worst Scenario for BTC?

Speaking to Kitco News, Soloway said in the short term. bitcoinHe expects a jump in , but then reminds us that we have to be ready for new bottoms. According to Soloway, although it is unlikely, the lowest level in the worst case scenario is $ 3500.

“Regulations help people feel secure. There will be a pivot in Bitcoin as it matures.

I think we will see a bounce in the near term, followed by a wave down to $12,000-13,000. I’m worried we’ll go below $10,000 later.

Although it is unlikely, $3500 can be seen in the worst-case scenario. This level is equivalent to Amazon’s collapse in the dot com bubble.”

The analyst, who thinks that Bitcoin will separate from the stock markets as it matures, does not expect such a change in the near term.

*Not Investment Advice.

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