Analyst: Bitcoin Likely to Fall to $20,000 in Near Future
Bitcoin at risk of increased volatility and declines to $20K according to technical analysis.
Bitcoin at risk of increased volatility and declines to $20K according to technical analysis.
Bitcoin fell to its lowest price since mid-June, attributed to investors’ frustration over the SEC’s delayed approval of a spot ETF.
The SEC stalled progress on crypto regulation this week while the Federal Reserve hinted at a potential softening stance through new stablecoin guidance.
Despite Bitcoin’s price showing a surprising lack of volatility recently, trading around $29,500, analysts detect signs of building compression in BTC markets that could foreshadow a powerful breakout move in the coming weeks.
Shiba Inu has outshined Bitcoin as it transitions from a meme coin to a utility coin with the help of the much-anticipated Shibarium launch, which presents new opportunities for investors and has the potential to claim a significant portion of the cryptocurrency market, particularly in the metaverse and gaming sectors.
The cryptocurrency market is showing positive momentum as Pepe Coin experiences a 9% increase, and the highly anticipated launch of BTC20 approaches.
Bitcoin climbs toward $30K as optimism grows for spot BTC ETF approvals within months. PayPal’s new stablecoin may also drive crypto adoption among its massive user base. Technical buying supports upside momentum.
Numerous major altcoins face unlocking events this week following sideways trading in Bitcoin and crypto markets. Scheduled token releases could increase volatility.
The identity of the Bitfinex hackers has finally been confirmed as Razzlekhan’s husband admitted in court to stealing billions in Bitcoin from the cryptocurrency exchange.
Pantera CEO Dan Morehead believes the extended crypto bear market has decoupled digital assets from traditional markets, expecting renewed upside potentially driven by a BlackRock Bitcoin ETF given Bitcoin’s historically minimal market correlation.