Although it has already lost more than 50% of its value in the last six months, leading to a decline in the fortunes of some people and companies, bitcoin (BTC) has come as no surprise. In fact, experts predict that their price will decrease even more in the future.
The end of the tunnel is still far away
Bitcoin (BTC). lost over $ 1.5 trillion for its market capitalization, and we are still far from the end of the tunnel. At present, the cryptocurrency is trading at around $ 28,145. This means that she recorded a a drop of almost 11.03%. In the last 7 days alone, this fall was estimated at about 28.2%, according to statistics from CoinMarketCap.
At the time of writing this article, the market value of BTC $ 539.7 billion. In total, at present, bitcoin (BTC) has – 63% of its highest level everreflecting a historic and incredible fall.
Further reduction of vision
According to cryptocurrency expert Rekt Capital: “Now that BTC’s dominance is at the red level, what’s the next step? “. He added: “History suggests, every time BTC challenged the red level, it broke.” The professional also argued that there is a good chance that the There has been a long decline over time.
“If BTC [passait en dessous de 28 000 dollars], it will turn into a downturn, with rallies before further decline. The question is how long this decline will last. History has shown that it can take months (slow bleeding) or weeks (then crash V-shaped bottom) for the reduction, ” he asserted.
The volatility of cryptocurrencies in recent weeks has been putting pressure on investors a higher alert. In fact, a simple glance is no longer enough, since any significant event could have a real impact on bitcoin (BTC) price action.
The fall in the value of bitcoin (BTC) has significant consequences for the economy. Not only does it cause huge losses in the ranks of whales and large companies, but it also encourages investors to double their vigilance and follow the news more closely.
Source: Finbold
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