Thursday, September 23, 2021
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Bitcoin curse: top analyst expects a crash




After the brilliant Bitcoin rise above 50,000 dollars, the key currency is currently in waiting mode again. What that means for the course and what else is going on in the crypto markets – in our overview.

Bitcoin: after the tremendous increase, the cryptocurrency is on hold.  Analysts believe: BTC is about to fall.  Photo: Panthermedia.net/ jirkaejc

Bitcoin: after the tremendous increase, the cryptocurrency is on hold. Analysts believe: BTC is about to fall.

Photo: Panthermedia.net/ jirkaejc

Currently the “September curse” seems to be over again Bitcoin and the aggregated crypto markets: In no other month has the number 1 cryptocurrency suffered more intense losses. Last week, Bitcoin was also subject to a massive decline after an initially strong push of over $ 50,000. BTC fell from over $ 52,000 to just over $ 43,000, tearing all the altcoins down with it.

Since then, Bitcoin has been trading sideways, i.e. the price does not move significantly, it only rises and falls a little. Many industry observers are now wondering: What is the future for Bitcoin in the short and medium term? Are new losses looming? Or is Bitcoin still on the way to six-digit prices?


Hasan Sheikh
Hasan, who loves technology and games, is studying Computer Engineering at Delhi JNU. He has been writing technology news since 2016.
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