Many investors are waiting for another bull run like the ones that occurred back in 2020 and 2021. As a reaction to the plummeting prices, a snowball effect began to occur, in which additional crypto projects were affected and, as a result, plunged even more. In addition, as seen in Figure 2, Bitcoin values previously […]
On the other hand, many technical analysts are seeing this price drop as an opportunity to buy. The Bitcoin price has repeatedly found support on the trend line drawn in the past few days, which is why we assume that the price will rise in the near future. As the support trendline is heading towards […]
Bitcoin reached its peak at around $68,000 but crashed all the way to $32,500. Since Bitcoin price is purely derived from supply and demand, buyers and sellers have a big role in future BTC prices. Those adjustments usually bring back prices towards the average uptrend lines or support areas. The recent crash that brought Bitcoin […]