According to investment experts, there may be a decline in the price of Bitcoin (BTC) in a short time.
Bitcoin, the world’s largest cryptocurrency, this week 52 thousand dollars for the first time in years exceeded the limit. According to Swissblock analysts, this could be an important resistance point for Bitcoin.
Swissblock analysts, “Given the meteoric rise of nearly 33% in the last few weeks, a pullback seems imminent and necessary, indicating an unsustainable rally,” he wrote.
Analysts think that the Bitcoin price will rise again after a short-term decline. Bitcoin price according to Swissblock The support point at $47,500 For investors as it falls towards There will be a buying opportunity.
10x Research founder Markus Thielen predicts Bitcoin’s next resistance point It is 57 thousand dollars he wrote.