Hold on tight, everybody! Bitcoin BTC Can Live A Hard Fall

Hold on tight, everybody! Bitcoin BTC Can Live A Hard Fall

The founder of the ElliotWaveTrader.net platform, the famous technical analyst Avi Gilburt, recently claimed that the Bitcoin BTC can see a sharp fall of 4700 US dollars. The well-known analyst presented his latest forecasts, which will freeze the blood of investors regarding the future of Bitcoin, to his readers and followers.

”Bad days will follow worse days“

The nine-month bear market, which brought back crypto assets from $ 19,000 to its current position, affected Bitcoin at least in percentage, more than in other currencies. We can even say that the king of krypton is one step closer to collapse.

However, Gilburt claimed that the bad days for Bitcoin were behind, and that the worse days were coming. Gilburt thinks that the tremendous decline will not only do so, but further decline. In the last nine months, he presented his analysis of price trends and revised his new forecast to $ 4,700. However, Gilburt expects that after a possible price increase, the Bitcoin exchange rate will reach a price range between 5,000 and 6,000 dollars for a while.

The famous analyst did not set a definite time frame for his prediction. However, when we look at the graph analysis, Bitcoin BTC seems to see the lowest level of the year as it is in mid-December. However, the bad scenario does not end here either. It is noteworthy that the mitigating factors can lead to a second slowdown, resulting in the possibility of Bitcoin seeing a level of $ 3,000.

On the other hand, the Fintech Trefis research company predicted a value of $ 8,500 for Bitcoin until December. There will be so much difference between the two estimates and the investors will be uneasy. However, the investor will rely on his own market instinct to choose a reasonable route.

Will the Bitcoin BTC See a Steep Fall According to Short-Term Developments?
A number of developments in the short term are expected to affect BTC price movements in the near term. We now have many factors to defend this thesis.

Among these, the signs of China's or its arrangements for the crypto markets operating in its territory, a decision by the US Securities and Exchange Commission (SEC) on the Bitcoin ETFs, the appearance of services taken by Siktbase in part, even in part, Olağanüstü The extraordinary sudden entry since December when CME and CBOE first appeared in the futures markets, a precursor to Bitcoin followers and the danger bells that stole for itself.

After a 3% drop in Ethereum in the last 24 hours, BTC is now keeping itself at just under $ 6250. We'll see together who will keep the forecast. An analyst with a proven analytics company or a good position in this field?