Bitcoin price will start to fall
This statement was made by one of the leading experts of the large portal RoboForex. According to the expert, bitcoin halving will negatively affect the future price of a digital asset. Should we expect a drop in prices in the near future? Do I need to worry and prepare for the worst? Let’s get it right now. So let’s get started.
What is the reason for a possible price collapse
Just yesterday, a momentous event took place – Bitcoin halving. And, according to experts, the reason is in it. Most likely, the industry will repeat the experience of previous years, when a decrease in the reward for mining the first crypto also negatively affected the pace of development of the industry. If we recall the last halving, then we will be convinced of this. Then the growth of the coin and the rise of the crypto industry began only six months later, Bitcoin reached the maximum price and became known throughout the world. But before this crypt was worth a penny. This model can be repeated, albeit on a smaller scale. Experts say a possible fall to the mark of $ 6,000. After that, of course, growth will begin, but real losses are almost guaranteed. Now the coin is trading around $ 9,000 apiece, but quotes are gradually dropping to $ 6,000. Consequently, buyers and sellers are ready to sell the coin for such a small, relatively current price, money.
How likely is a price drop?
If you look at the charts of quotes, you can see that now the market has an inverted “head and shoulders”. This model will cause price drops until the first coin breaks the level of $ 6000. If after that growth does not begin, Bitcoin will fall even lower, to the mark of $ 3,720. So how likely is this set of circumstances? In fact, everything is not as bad as it seems. To exit the market model and begin productive growth, Bitcoin needs to rise in price by only one and a half thousand dollars. As soon as the price tag for one coin is $ 10,500, everything will return to normal and the crypt will begin to develop. This is much more likely than a complete price crash.
However, forgetting that cryptocurrencies are very volatile and constantly changing is also impossible. There is always a chance that the coin will really collapse in price. In this case, it is important to build the right tactics of behavior.
What if the cost collapses?
Of course, the main thing is to remain calm. In no case do not start selling the crypt right now. Wait, if the coin in the near future reaches the mark of $ 10,500, then no precautions will be needed. Well, if a real decline in prices starts, seize the moment and sell the crypto if you urgently need money. Although we would recommend to all those who do not feel an urgent need for quick money to postpone Bitcoins. The crypto has a great future, if the “head and shoulders” run out in favor of the currency, a rapid growth is forecast to 13 or more thousand dollars. Noticing the fall in price tags, we buy up coins at a low cost, in order to then sell several times more expensive. Try to benefit even from such a difficult situation. It is not worth speculating on falling prices. If the market falls completely, it will not be easy to trade, only an experienced professional will manage the transactions. That is why transferring a financial portfolio to a broker may be a good solution. Choose a professional with caution, focus on real reviews.
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