The slowdown of Bitcoin price today has become a worry for almost the entire crypto space. On the other hand, it seems that experiencing a slight bounce and then returning to the price levels before the bounce has become the new trend of BTC. Despite the corrections, the price may remain strong at the support levels.
Analyst: Bitcoin will not drop to $20,000
However, in the middle of a downtrend, the price could hold strong above the support levels. According to popular analyst K A L E O, the $20,000 predictions will never come true. Thus, the analyst stated that the price may not fall to these levels again.
Positive market sentiment in BTC price, yellow draws attention
Positive market sentiment could fuel the upcoming bull run, according to crypto journalist Sahana Vibhute. Another optimism for BTC price is the sudden drop in difficulty setting. Cryptocoin. com
As we have previously reported , miners in China have stopped and relocated their activity dollar series, while the downward adjustment is 42%, an all-time high. 27% out of 6. reduced to 94. In general, many analysts and crypto influencers are emphasizing that profits may not be made before the end of 2021. Still, it is believed that in the long run, the price will break $100,000. The cryptocurrency, which ranks first by market cap, is trading at $33,682 at the time of writing.
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