InvestAnswersThe host of ‘s thinks that a large investor base will help establish the lowest price level for Bitcoin (BTC).
According to InvestAnswers server bitcoinIt will form a local bottom with the $30,000 level. Bitcoin has lost more than 13.5% in the past seven days, trading at $36,727.
“The volume is light but as we said, thousands of investors, fund managers, hedge funds, etc. There are things. And they know that Bitcoin is a finite asset. They need to ‘park’ their money in a safe place. FIAT is taking over, gold can’t go anywhere, the stock market is very shaky…”
The analyst expects buyers with significant purchasing power at a discounted price. Bitcoin (BTC) He stressed that he was taking action to buy it.
“What we saw today was somewhat interesting. Big volume came, big buyers came. However, it is possible to understand this by looking at on-chain data and wallet purchases, these big investors are people who buy Bitcoin between 2-8 million dollars per person. None of them were retail investors, but they are doing their best.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.