Home » Business » Bitcoin drops select $ 20,000. It could fall to $ 13,000 if historical development repeats itself

Bitcoin drops select $ 20,000. It could fall to $ 13,000 if historical development repeats itself



The price of bitcoin after a brief increase in recent days has returned again to the level of 20,000 USD per coin. According to Ian Harnett of Absolute Strategy Research, its price could fall to $ 13,000. Bitcoin has been shown several times in its history by strong general corrections and plunges, which on average correspond to corrections by about 80% compared to previous highs. The latter was recorded last fall at $ 69,000.

According to Hartnett, liquidity is a key issue for the bitcoin and cryptocurrency sectors. If there is enough, give the sector excess time. However, if the trend starts again with the sources of “dried” liquidity, for example due to the growth of base rates on the part of central banks, then the sector will come under constant pressure and increasing pressure. During the last 2 weeks of cryptocurrency has seen about 350 billion USD capitalized thorns.

Vladimir Urbnek

In the field of “the last more than 20 years. After several years of experience directly from the security Vladimir Urbnek For the past 15 years, it has been dedicated to news from domestic and foreign capital markets.

He considers experience and speed compared to time to go before the last major 2008-9 crisis is significant.

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