I think bitcoin will drop to another Support in the next 24 hours, The volume is lower than the last weeks.
what do you think guys ?
Since March 2020, the rise in the bitcoin price confirms a bull market.
The local price maximum was around $ 58,000. Bitcoin price is currently below $ 50,000. $ 50 000 is an important psychological price level for Bitcoin.
However, in my opinion, we do not have convincing evidence that the price of Bitcoin will continue to decline. Currently, there are no fundamental reasons for the decline in the price of Bitcoin. The discount rate (refinancing rate) in the US has not yet increased.
Consequently, the dollar against other financial assets will continue to fall in price.