The analyst says the coming weeks to be a major turning point for Bitcoin, can reveal the BTC level in the “worst case”
The CEO of Market Intelligence Cryptoquant says that the next few weeks are decisive for Bitcoin (BTC), and reveals a scenario of its worst condition, the CEO of Market Intelligence Cryptoquant says.
On a new topic, Ki Young Jo Recount His 408,700 followers on the X social media platform, which is expected to be the longest -round tour of history, but indicates that if BTC fails to withstand, she may find itself near the level of $ 77,000 before the recovery escalate in the end.
“Based on the two-year model cycle, the emerging market must continue until April 2025-I mentioned this again in May 2024. The following month or two months will be a major turning point for the BTC market. If each indication of the declining direction, I will admit that I was wrong and published.
But as I said earlier, I think the chances of decline to less than $ 77,000 are low. Even in the worst cases, I see a high possibility to unify about $ 77,000 for a few months before returning back. “
According to JU, a panic selling upper encryption assets according to the maximum market Losing The large decreases were also common in the past for BTC. However, it is Notes This time, BTC may take some time to recover as a request for its money on the stock exchange (ETFS) looks weak.
“If you are selling panic now, you are likely to be a 30 % correction in the Bitcoin Bull course-53 % decreased in 2021 and is still recovered to ATH (absolutely high). Buying when prices and selling rise when it decreases is the worst investment strategy. Invest with a clear plan.”
Bitcoin is trading for $ 85,463 at the time of this report, by 2.2 % over the past 24 hours.
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