Leader cryptocurrency unit continues to decline. BTC, which went up to the levels of $ 36,500 on Sunday, fell to the levels of $ 33,000.
Can’t make a good start to Monday bitcoin as altcoinsharp decreases are observed.
After this sharp decline in Bitcoin and altcoins, investors were brooding about the crypto and blockchain investment firm. BlockTower Capital co-founder Michael Bucella said that despite the sharp declines, Bitcoin is still in bullish mode.
“No Fear, Bitcoin In Uptrend!”
Speaking in an interview with CNBC, Bucella argued that Bitcoin continues to grow and every drop is part of an uptrend.
Stating that the volatility in Bitcoin should not come as a surprise to investors, the BlockTower manager stated that every price level below $35,000 seen in BTC is an opportunity for retail investors to re-enter the crypto market.
“Bitcoin is still in growth mode. Because when we look at the logarithmic chart, we see that BTC is still in a long-term bull trend.
Bitcoin is still a young asset class, so the volatility in Bitcoin shouldn’t be surprising.”
Emphasizing that it will be difficult to maintain the enormous growth seen in the Bitcoin and crypto money market in 2021, Bucella stated that it is normal to experience sudden decreases now, as we experienced a short rise in 2021.
Finally, Bucella reiterated that Bitcoin is in an uptrend, saying that it will only take some time.
*Not investment advice.