Bitcoin price upset its investors towards evening hours today. While the declines in crypto currency exchanges continued, investments were withdrawn one by one after the Bitcoin price fell below the $ 7,000 level and lost an average of $ 600 in a day.. In a statement on the subject, some social media users stated that they regard a decrease in cryptocurrencies as normal, but such high decreases should not be expected to be normal.. Bitcoin, which lost around 15% in value on average in a day, showed that it is expected to drop to the level of 1700 dollars with this decrease and it can turn into reality.
It will drop another $3000
The allegations are true Bitcoin price is expected to drop by $3000 more. Although this is likely to be true, it brings with it the statements that the $3000 drop may take it back to the lowest levels in history and that it may upset investors for many years.
Bitcoin Has Dropped Below the Critical Threshold
Bitcoin price While it falls below the critical threshold with this decline, how investors will evaluate their investments from today and the fact that they will lose more than their Bitcoin investment if they sell is a factor that allows the investments to be held for a while.. How will Bitcoin look as of tomorrow, depending on this, the investor will win or lose.
Why is Bitcoin Falling?
Allegedly, the reason for the decline in Bitcoin is the sudden sales in the crypto money market and along with it. Serious losses from sudden sales. As the money in the market decreases and the confidence of the investors decreases, investors’ withdrawal of their money brings more losses, while the confidence index is shaken accordingly as the money situation in the market starts to get worse.