Legal Notice: Nothing on the website constitutes professional and/or financial advice. All the content on the website is for informational purposes only. We have prepared all information herein from sources we believe to be accurate and reliable. However, such information is presented as is,” without warranty of any kind – whether expressed or implied. You acknowledge and agree that there are numerous risks associated with purchasing cryptocurrencies.

CDS Crypto News Does Market Volatility Foreshadow Bitcoin’s Will Fall to $28.000?

Crypto News

Does Market Volatility Foreshadow Bitcoin’s Will Fall to $28.000?

Market volatility is likely to drive the BTC price down.

lectertodd02/08/20231 Mins read741

Does Market Volatility Foreshadow Bitcoin'S Will Fall To $28.000

Following a sharp drop in the price of BTC over the past 24 hours as a result of the bulls’ recent lack of strength, it is now clear that the leading asset in decentralized finance (DeFi) may fall even more before rising once more.

Table of Contents

Does Market Volatility Foreshadow Bitcoin’s Will Fall to $28.000?

In fact, a cryptocurrency market analyst by the name of Crypto Tony observed in a piece published on August 1 that Bitcoin has failed to recoup its range bottom at $29,500 and is threatening to continue its drop, with $28,000 more of a reality in the coming days.

In fact, according to Crypto Tony’s study of the chart pattern, the BTC may reach the level at $27,400 before the middle of August, at which point it may begin to rebound. Then, it moves toward regaining the $29,000 level by the end of the month.

CoinMarketCap Community Also Predicts BTC Price Decline

The cryptocurrency community at CoinMarketCap, a platform for tracking the crypto industry, is also bearish on the price of Bitcoin by the end of the month, with its votes suggesting that it could decline further and average $27,357 by August 31, 2023, based on the most recent data. But of course, the crypto sector is a volatile and dynamic place. Therefore, anything can happen with BTC at any time.

Sources:finbold

Leetswap Halts Trading: Exchange On Coinbase’s Layer 2 Blockchain Suspends Operations Following A $630K Drain From Liquidity Pairs.

Previous post LeetSwap Halts Trading Following $630K Drain from Liquidity Pairs

Next post Nomura-Backed Laser Digital Company Among Those Licensed for Crypto Operations in Dubai

Written by

lectertodd

Lectertodd is 28 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

You must be logged in to post a comment.