On October 5th 2022 the Crypto market was depicting some strength before declining and falling on bearish trend once again. There was a similar pattern witnessed in the stock market as well as the market managed to enter the recovery phase.
Bitcoin, the world’s largest crypto by market cap, had dropped nearly $19,755 before crawling back above $20,000 where bulls are striving to hold on. At the time of publication, Bitcoin is trading at $20,229 with a surge of 0.19% over the last 24hrs.
Meanwhile, a well-known crypto analyst Willy Woo is of the opinion that the current bear market will be more deep.
The analyst claims that investors purchased bitcoin when the price was higher than the current price and this is one of the ways to understand how deep the pain is.
Ar šis rašymas buvo naudingas?
Source: https://coinpedia.org/bitcoin/top-analyst-predicts-bitcoin-btc-is-due-for-50-crash-in-coming-days/