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The bearish trend is back. It looks like Bitcoin will continue to fall

In the coming days, or maybe even hours, the Bitcoin exchange rate to the dollar will drop to $ 10,000. The bear market is returning, CoinDesk analyst Omkar Godbow warns. According to him, for the return of the bulls, the first cryptocurrency must be fixed above the level of $ 12,000.

The analyst warned that before the fall, the value of the coin may rise briefly to $ 10,700. However, if the price of the asset can overcome this mark, the likelihood of a rise in price to $ 11,000 will increase significantly.

Today, the average market price of Bitcoin has dropped sharply to $ 10,440. During the day, cryptocurrency lost 6.4% of the price. At the same time, coin trading volumes increased by 39%: from $ 13 billion to $ 18 billion.

Earlier, a former Goldman Sachs bank analyst Murad Makhmudov advised not to play on the difference in the exchange rate of Bitcoin for short periods of time and “think wider”. The specialist claims that the price of the first cryptocurrency is moving towards the $ 100,000 mark, and short-term reductions can be used for additional purchases.


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