Full-Steam Decline in Bitcoin: Dropped Below 60 Thousand Dollars!

The downward movement in Bitcoin that we signaled recently has gained momentum! Our indicator, which gave a sell signal on June 14, was proven right and Bitcoin has fallen below $60,000 since then. This downward trend makes investors nervous and an atmosphere of anxiety prevails in the market.

So, why is this decline occurring in Bitcoin?

Experts point to several factors that may lie behind Bitcoin's decline. The most important of these are:

Interest rate increase by the US Federal Reserve (FED): The FED increases interest rates to control inflation. This situation leads to an outflow of investors from risky assets, and Bitcoin is also affected by this situation.

*Uncertainties in the global economy: Uncertainties in the global economy, such as the war in Ukraine, increasing inflation and supply chain problems, reduce investors' risk appetite, which negatively affects the Bitcoin price.

Sales of big whales: Recently, it has been observed that big whales (investors holding large amounts of Bitcoin) are selling Bitcoin. This situation puts pressure on the price.

It remains unclear when Bitcoin will recover.

Experts say the market is waiting to see how it will react to the interest rate hike in the US and developments in the global economy.

Remember, this is not investment advice. It is important to do detailed research and consider your own risk tolerance before investing.