🚨On July 5, Bitcoin fell below $54,000, and the Fear and Greed Index fell to 29, a new low since the beginning of 2023! The market is under great selling pressure, due to the sale of seized Bitcoin by the German and US governments and the refund action of Mt. Gox.
🔍Rachel Lin of SynFutures said that the selling pressure is difficult to ease in the short term, and Mt. Gox users are expected to sell on a large scale. Markus Thielen of 10x Research lowered the target price of Bitcoin to $50,000, and pointed out that August and September will be key challenges for Bitcoin. However, he believes that if the Federal Reserve cuts interest rates in September, Bitcoin may rebound.
🌪️The market is changing, and bulls and bears are alternating. Are you ready to seize the opportunity? Welcome to share your views in the comment area!
