For the first time in Bitcoin (BTC) history, it closed 7 weeks in a row with losses. Experts think that the decline may continue.
November 2021 the all-time high (ATH) $69,044 after level 33,000 dollars declining to the level of bitcoinIn march $48,234 after a fix For the first time in history, it closed 7 weeks in a row with a loss..
YahooFinanceFxPro analyst, who stated in a statement to . Alex Kuptsikevich, Amid the downward move, as well as the US’s rigid stance on monetary policy and interest rate hikes, there is no positive outlook and Bitcoin’s $19,000 He said it could go down to: “We don’t expect the bears to reduce their sales next week. In our opinion, there may not be a return until Bitcoin falls to the levels of $ 19,600, which is the high point of 2018.”
We Are Nunya Twitter user named, on the other hand, shows the average ATH level reached by Bitcoin after halvings in a chart he shared. 50% decrease noticed that he was alive. On the same chart, it is seen that Bitcoin makes ATH again after each halving despite this decrease.
Bitcoin halving in 4 years while one is happening, the next halving in 2024 More than half of the halving process we are in has been completed since the halving in 2020.
CoinGecko approximately in this 7-week period. 37% depreciating Bitcoin (BTC)at the time of writing 30,502 traded in dollars.
