The leading cryptocurrency Bitcoin (BTC) has experienced a 4% decrease in the last 24 hours, upsetting its investors again.
$ 45,672, which was recorded as the lowest level of the day, actually dashed the rally expectations of $ 50,000 for now.
The year is almost over and the Bitcoin price is about 33% behind its all-time record.
While everyone is waiting for a serious rally on these dates, the latest movement of BTC may indicate that the price may drop to $ 40,000.
Is $100,000 a Dream for Bitcoin?
Many analysts, by the end of 2021 BTC price Although he expected it to rise up to $ 100,000, the expected has not yet come true and this possibility now seems very difficult.
However, for 2022, the majority of analysts state that new rallies will be seen and $100,000 is very likely.
However, opinions differ for short-term movements.
Famous crypto analyst Mohit Sorout, on the other hand, emphasized that there will be serious buying opportunities with negative funding. According to Mohit, the decline is temporary and soon it can be seen that the resistances are breaking down one by one.
By contrast, on-chain analyst Whalemap expects a drop to $40,000 soon.
Expressing that the green candles on the daily chart will be lost, the $45,000 support will also be lost, stressing that a descent to the lower support point is inevitable.
The analyst has not yet made a clear statement about whether the decline will continue after this, and he thinks that it should be waited for.
The failure of BTC to test and break the $48,000 resistance could certainly bring a new decline.
In order for the trend to turn to the upside, a close above the $51,000 – $52,000 band is required.
In this period of opposing views and increased uncertainty, it would be safer to wait above $51,000 – $52,000 to take a new position.
For those who have goods, the stop point can be after closing below $43,000.