Cryptocurrency Q&A
Will Bitcoin (BTC) drop 20% in the near-term?
Will Bitcoin (BTC) drop 20% in the near-term?
CryptoTamer
Sat Jul 13 2024
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7 answers
1612
As a keen observer of the cryptocurrency market, I'm curious to know your take on the potential for Bitcoin (BTC) to drop 20% in the near-term. Given the recent volatility and uncertainty surrounding global financial markets, how do you assess the risk factors that could drive such a significant decline? Are there any specific economic indicators or market trends that you're monitoring that could provide insight into BTC's short-term direction? Also, how would such a drop compare to previous corrections we've seen in the crypto space, and what would be the potential implications for investors?
7 answers
HallyuHeroLegend
Mon Jul 15 2024
This prediction comes despite the robust performance of the digital asset in recent weeks, where it has scaled new heights with each dip being swiftly bought up.
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SsamziegangSerenadeMelodyHarmony
Mon Jul 15 2024
However, analysts are warning investors that the largest cryptocurrency by market capitalization may be entering a phase of consolidation or correction.
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Maria
Mon Jul 15 2024
Swissblock, a renowned forecasting firm, has also chimed in, stating that despite the current dip, the overall uptrend for BTC is expected to resume.
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BitcoinBaron
Mon Jul 15 2024
They believe that the digital asset's underlying fundamentals remain strong, and any near-term fluctuations should not deter long-term investors.
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JejuJoy
Mon Jul 15 2024
In the near-term horizon, Bitcoin (BTC) faces a potential decline of up to 20% from its current market prices.
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