What awaits the first crypto in the future?
For a long time we did not recall the first cryptocurrency. Against the background of more significant events of the crypto industry, the news about the first crypto Bitcoin(BTC) does not seem so significant. Nevertheless, a sufficient amount of news about the first coin has now accumulated. That is why in this short article we will describe key events in order to answer the main question: what awaits the first digital asset? The fact is that opinions on this matter are essentially divided, so we have to make the most probable forecast together. So let’s get started.
Why should the first crypto fail?
In fact, now there is a similar opinion, some analysts believe that the first coin is doomed to an early price failure. Note that in recent times, the BTC course has actually behaved strangely. Having started rapid growth, the chart fell to the level of 8920 dollars per coin. Crypto really fell in price, and, according to some, this is only the beginning. At the moment, the crypt passes through the support level. This is a very important stage, since the price should be fixed at $ 9,200. In this case, the coin will stabilize and begin to grow. But otherwise, BTC will begin to crash to $ 8,000. Some analysts have long ago announced a possible reduction in the cost of the first cryptocurrency by as much as 40%. Experts argue that this trend begins due to adjustments in the stock market. We previously explained how BTC is associated with traditional assets like S% P 500 or Dow Jones, so be sure to study this material to get a complete picture of hidden market mechanisms. Blocking the Bitcoin.com channel on YouTube also has a negative effect. An event may cause distrust and further decline in value.
The likelihood of such a negative set of circumstances when BTC loses 40% of its price is, in fact, unlikely. Traders gradually remember how to work in a crisis, and therefore stop rash operations. Thus, most likely, the price of the first coin will soon equalize and go up.
Is growth in first crypto possible?
In the current environment, when we often hear about Bitcoin in a negative sense, the progress of the first crypto seems impossible. However, certain facts suggest otherwise. Separate trends indicate the early development of cryptocurrency in the near future. For example, the transaction confirmation time in the BTC system decreased by 97% over the last month. Skeptics claim that this is due to an increase in the number of bots in the crypt. However, ordinary users also work more actively with the system, speeding up operations throughout the system. This is indeed a positive trend. Against this background, BTC looks like a reliable financial instrument that can and should be mastered. Moreover, literally today, the Chinese government canceled the blocking of accounts for operations with cryptocurrency. Of course, it is still impossible to fully use coins, but there will be no locks. Such relief will certainly cause a stir around BTC in China. It will also promote the coin.
Verdict: what to expect from Bitcoin in the near future?
Now, having discussed the two sides of the current position of the BTC, we can draw an objective conclusion. It is possible that there will still be small cost adjustments. No one guarantees that the coin will immediately rise to $ 10,000 per unit. Most likely, certain reductions in value will be, but then will be replaced by uncompromising growth. The crypto industry is in its prime, and it is BTC that will lead the industry to new heights. Follow all the news of the crypto industry with us. We publish only high-quality and interesting material. Thank you for the attention. Good luck!