Expert Analyst Predicts Potential Drop in Bitcoin (BTC) Value: What Investors Need to Know
1M ago•
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- Bitcoin’s price is predicted to correct due to weak market structure, according to Markus Thielen from 10x Research.
- CryptoQuant CEO, Ku Young Ju, notes that new Bitcoin whales and spot ETF buyers are now underwater.
- Experienced trader Peter Brandt also predicts a further decline, suggesting Bitcoin could dip into the high 40s.
Bitcoin’s price is expected to correct due to a weak market structure, with predictions suggesting a drop to $30,000. New Bitcoin whales and spot ETF buyers are now underwater, adding to the market’s uncertainty.