BTC Prediction The price of bitcoin today will increase drastically
Friday June 25 2021
@fadly
good night everyone, sabbath trading
on this occasion I will discuss about BTC or crypto assets.
according to trading today, Wednesday (23/6), the price of bitcoin began an upward trend. Coindesk noted that the bitcoin price on Friday, 6/25/2021 trading at 08.14 WIB reached US$ 34,165.77. The price of bitcoin rose significantly compared to the last .
Smart Money channel Cryptowatch co-founder and manager Christopher Tahir said there were various negative sentiments that caused bitcoin prices to fall sharply on Tuesday.
The latest negative catalyst for bitcoin comes after China's National Development and Reform Commission (NDRC) demanded the closure of 26 crypto mining projects.
China has also been increasingly vocal in suppressing mining and trading of crypto assets as part of a series of measures to control risk in financial markets.
In addition, crypto assets also still bear negative sentiment after the refusal of banks to use crypto assets.
In the short term, Christopher projects that the bitcoin price may still be in a downward trend. The potential for bitcoin price declines to reach US$ 27,000-US$ 28,000. If there is no upward resistance,
However, on the one hand the possibility of bitcoin prices rising again of course still exists.
Especially when considering bitcoin's strong and solid fundamentals and their limited number.
"Production that will continue to decline and also decentralize makes bitcoin even though it was shaken still able to produce an average increase of 150%-200% per year for the last 10 years," said Christopher.
Gabriel also said the only sentiment that could lift the price of bitcoin was the SEC's decision to set up a bitcoin exchange-traded fund (ETF). The decision will also bring fresh air and new money to the crypto market.
In the midst of a depressed crypto market, Gabriel advises investors to buy bitcoin at the current low price and sell it when the market is bullish again. "If you buy when the market is bullish, you have the potential to be trapped again," Gabriel said.
For investors who are currently experiencing altcoin losses, Gabriel advises hedging to move or swap 100% to bitcoin or USDT so that the decline is not too deep in the future.
That's all I can tell my friends all about the price of Btc Crypto tonight.
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