BTC BitCoin resists, cryptos fall hard Coin price Prediction – Review and Chart 2022
BTC BitCoin Price Prediction 2024
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BitCoin fell sharply on Monday, breaking below $40,000 for the first time since September. After the sales wave that spread throughout the crypto money markets, BitCoin could not hold on to this level, although it climbed above $ 42 thousand with an effort to recover on Tuesday. While Ethereum tested just below the critical level of $3,000 on Monday, it rose again to $3,130 yesterday.
$340 MILLION EXIT
With the sharp depreciation in cryptocurrencies 340 million dollar position was liquidated in the last day. BitCoin , which has declined by more than 13% since the beginning of the year, tested the level of $ 39,796, while Ethereum dropped 2,947 with a decrease of 20% and Solana tested $ 130.8 with a decrease of 23.2%. The signals of an early interest rate increase in the US Federal Reserve (Fed) minutes and the events in Kazakhstan, where intense cryptocurrency mining activity is carried out, have led to a decline in BitCoin since last week. Analysts stated that calming events in Kazakhstan is important for cryptocurrencies, but this may not be enough to increase risk appetite. According to experts, while BitCoin is trying to hold on to the $40,000 level for now, it needs to break the $45,000 level permanently in order for the negative scenario to change direction.
The optimistic picture is disappearing
BitCoin The downtrend in Turkey and the crypto money markets also lowered the expectations of investors. According to the results of the survey conducted by the US-based investment bank JP Morgan, 45 percent of the investors had a year-end expectation for BitCoin below 40 thousand dollars, while only 5 percent had a year-end expectation of 100 thousand dollars. (Spokesperson)