Bitcoin falls to $36K, traders say bulls need a ‘Hail Mary’ to avoid a bear market

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Everyone is looking for a close to bring in some good news. Where do you think the most important level is?

shows that a wave of selling that began late in the day on Jan. 20 continued into midday on Friday when BTC hit a low of $36,600.Here’s a check-in with what analysts have to say about the current downturn and what may be in store for the coming weeks.The sudden price drop in BTC has many crypto traders predicting various dire outcomes along the lines of an extended bear market. Others like independent market analyst ‘Rekt Capital’, are not so quick to jump the gun and declare that all is lost.

From a fundamental point of view, Lifchitz noted multiple factors that are creating headwinds for BTC, including tightening from the U.S. Federal Reserve, chatter from the EU regulators looking to ban proof-of-work mining, profit-taking from late 2021 and the continued uncertainty about the economic future as it relates to the Covid pandemic.“Therefore for Bitcoin, a move down to the low-mid $30,000 could be definitely in the cards soon before real dip-buyers show up.

The overall cryptocurrency market cap now stands at $1.801 trillion and Bitcoin’s dominance rate is 40.4%. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

90% drawdown mates!

SenseiShibSwap SenseiShib senseishibtoken $SENSEI | Vested Private Sale | Director Doxxed | Live AMAs| SenseiSwap Live | 🇬🇧 UK TEAM 🇬🇧 🏅 KYC VERIFIED 🏅 🕵️‍♂️ CONTRACT AUDITED🕵️ JOIN NOW ITS STILL EARLY ! binance coinbase AltcoinDailyio Bitboy_Crypto elonmusk CryptoMo

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 562. in RU

Россия Последние новости, Россия Последние новости