New Prediction from Matrixport Analysts, Who Previously Knew the Decline in Bitcoin!

Leading cryptocurrency BitcoinAfter the SEC announced its decision regarding spot Bitcoin ETFs, it continued its downward trend and fell to $ 38,000.

While investors wonder whether this decline will continue Matrixport’A new report came from .

Matrixport analysts said in a report published on January 26 that they predicted Bitcoin would fall to the $36,739 support level.

Analysts BTCHe stated that they think the decline in will return to the level of $ 36,700 and that the price will recover from this support level as the general liquidity and macro environment remain supportive.

Finally, analysts evaluating the relationship between TrandFi and Bitcoin ETF pointed out that the transaction volume of BlackRock’s iShares Bitcoin Trust has decreased by 50% since the first trading day.

At this point, analysts say investor interest has and will wane as TradeFi shows that current interest in spot ETFs from traditional finance is not as strong as initially expected.

Bitcoin At the time of writing, it continues to trade at $40,000.

Just because these analysts predict a decline or know a decline in their previous predictions does not mean that Bitcoin will fall again. Although the report focuses on the possibility of a correction, do not make your investment decisions based on a single data or report. These reports are helpful data that are not accurate, have a margin of error, and have never been proven to be 100% accurate.

Make your investment decisions based on your own research.

*This is not investment advice.