🚀🚀Bitcoin Balances Changed! Analysts Said BTC Decline May Continue, Explained Their Expectations! 🚀🚀

Global stocks and Bitcoin$BTC

Risky assets such as (BTC) took a big hit on Tuesday after Iran launched missiles at important Israeli targets. While tensions in the Middle East caused Bitcoin to fall to $60,300, Singapore-based cryptocurrency platform QCP Capital shared its latest estimates.

QCP stated that BTC and altcoins took a harder hit than stocks and stated that despite this decline, Bitcoin found support at the 60 thousand level. However, analysts warned that Bitcoin could fall to $55 thousand if tensions continue.

QCP emphasized that the focus of Bitcoin and altcoins in the coming period will be the tension in the Middle East, but this situation should not overshadow the big picture, namely the possible increases. He also stated that Bitcoin and cryptocurrencies will continue to be supported with the support of China and the FED, adding:

“The liquidity flow and possible financial support from the People's Bank of China (PBoC) will likely support asset prices in China and ensure that this bullish sentiment spreads to all risky assets, including cryptocurrencies. Global asset prices are expected to continue to be supported towards 2025, as the world's largest (FED) and third largest (PBoC) central banks have entered serious discount cycles.”

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