Bitcoin's all-time high of $64,804 isn't the final number, according to a crypto analyst

The all-time high price of $64,804 for Bitcoin (BTC) is not the final ATH.


The world's most popular cryptocurrency has dropped to new three-month lows.


Bitcoin's all-time high of $64,804 isn't the final number, according to a crypto analyst


According to crypto expert Lark Davis, the all-time high of the cryptocurrency king Bitcoin (BTC) at $64,804 is not the final ATH.


The sharp drop in bitcoin comes as a swarm of unfavorable stories and events, ranging from Tesla CEO Elon Musk to new Chinese government rules, have slammed an asset class that has been marked by extraordinary volatility since its inception.


The flagship cryptocurrency plunged to over three-month lows once more, plummeting to below $33k at one time for a three-day plunge of more than 25%. In addition, the crypto market has been selling for the past week.


The BTC price is $34,433 at the time of writing, according to CoinGecko, with a 24-hour trading volume of $29,361,867,005.


The BTC negative decline is depicted in the chart above. Furthermore, the recent decline is a reversal of the sharp increase that began in the second part of last year. Bitcoin's price, on the other hand, has risen by more than 200 percent since September. Furthermore, as a result of a tremendous bull run fueled in part by hedge fund managers, banks and other businesses appear to be warming to cryptocurrencies.


Also read: When Bitcoin (BTC) reaches $27,000, Robert Kiyosaki says he'll buy it again


Furthermore, as Bitcoin and kindred cryptocurrencies have grown in prominence in the financial markets, regulators throughout the world have increased their scrutiny of them. JP Morgan has predicted that Bitcoin might reach $130,000. This indicates that the price of Bitcoin will skyrocket in the near future.


Continue to read more Bitcoin related latest news SM

Post a Comment

0 Comments