Brian greetings everyone!
Today we are witnessing the continued decline in the price of BTC, which is currently trading at $27,063. It can be seen that after reaching the psychological level of $28,000, BTC has continuously shown downward movements, unable to sustain its upward momentum at that high level.
However, looking at the long-term perspective, Bitcoin still has the potential for price growth, thanks to several driving factors:
- Firstly, the expectation of the launch of a spot ETF and the upcoming halving event will play a prominent role in driving the value of Bitcoin in the future. Meanwhile, the market is closely monitoring potential price levels that could signal the start of a bull market. According to reports, Bitcoin needs to maintain a market support level of $24,900.
Currently, the focus remains on how Bitcoin will move in the short term, as the first cryptocurrency is aiming to reclaim the $30,000 target, an important level for a potential price increase.
Today we are witnessing the continued decline in the price of BTC, which is currently trading at $27,063. It can be seen that after reaching the psychological level of $28,000, BTC has continuously shown downward movements, unable to sustain its upward momentum at that high level.
However, looking at the long-term perspective, Bitcoin still has the potential for price growth, thanks to several driving factors:
- Firstly, the expectation of the launch of a spot ETF and the upcoming halving event will play a prominent role in driving the value of Bitcoin in the future. Meanwhile, the market is closely monitoring potential price levels that could signal the start of a bull market. According to reports, Bitcoin needs to maintain a market support level of $24,900.
Currently, the focus remains on how Bitcoin will move in the short term, as the first cryptocurrency is aiming to reclaim the $30,000 target, an important level for a potential price increase.
Kommentera:
good luck
