According to Bitfinex analystShort-term investors selling profits may create a selling pressure on Bitcoin.
Jag Kooner, Bitfinex Derivatives Manager, “If short-term investors and leveraged individual (investors) continue to play a dominant role in the market and cause a pullback during this holiday period when the market is partially illiquid, we expect the price to fall further.” said.
According to Kooner, Bitcoin $44,000 level If it goes above it, there may be a correction. This level Medium-term investors holding Bitcoin for 18-24 monthsarlevel to reach It is important because it is
According to the analyst, short-term investors will soon kar to make the sale Its launch played an important role in the decline in Bitcoin price.
In a recent Bitfinex report, “Bitcoin’s valuation today is similar to June 2019 and July 2016, when the price bottomed before recovering. We expected Bitcoin to pull back after entering the $44,000-$45,000 region and the price without moving up “We expect it to stay in this range or withdraw first.” It was said.