The total value of the cryptocurrency market fell below $2 trillion again after a long time.
Bitcoin, renowned analyst Lark Davis’s After falling below the $42,500 support he mentioned, it suffered another 3% pullback. Hence, bitcoin is expected to drop to its next support, around $40,000.
Experts If the 40,000 support is broken predicts greater declines to come. In general, the entire market is experiencing a pullback as this drop of Bitcoin affects all altcoins.
Bitcoin fear and greed level from July 2021 reached its lowest level since. This situation indicates that the market is uncertain and investors in fear shows that. Such declines are usuallywhales viewed as a buying opportunity.
Many of the cryptocurrencies analyst, these declines May-September between the to the falls He says it’s similar. Therefore this bitcoin price from levels He thinks he will rise.
Some critics, such as Peter Schiff, argue that the bitcoin price $15,000 waiting for it to drop to levels. As a reason, it is claimed that the bitcoin mining part in Kazakhstan will sell their bitcoins.
The information contained in this article does not constitute investment advice.