Bitcoin’s decline is mind-blowing. Bitcoin, which is constantly predicting that people will ‘too high’, has fallen below $ 20,000 as of the past day. So what do experts say about the future of Bitcoin?
(This content is not investment advice.)
Bitcoin in the last 1 week, maybe it lived one of the biggest and fastest declines He lived and got the hands of all cryptocurrency traders. Bitcoin, which fell below the 25,000 resistance point 6 days ago, fell below $ 20,000 with the previous day.
Bitcoin, which fell to the level of $ 18,000 yesterday, trading at $19,000 today however, this unstable situation of Bitcoin is worrying. So what are Bitcoin experts’ comments on the future of cryptocurrency?
Experts are not very optimistic about the future of Bitcoin
Investors are very nervous as Bitcoin drops below $20,000. People use cryptocurrency He doesn’t know how low it will go. Ki Young Ju, cryptocurrency analyst and CEO of CryptoQuant, offered his expert insights on the subject.
We must say that their opinions not very encouraging. Ju said that 15,000 BTC inflows from Coinvase to Bitfinex. Crypto hedge funds have also filled collateral for long positions. Cryptocurrency exchanges have filled up liquidity to execute their customers’ sell orders, the expert said. For this reason, he Bitcoin will fall further in the short term. stated.
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(This content is not investment advice.)