Do Kwon, conosciuto come il nome dietro il crollo di Terra/L | Crypto De Nostradame su Binance Square

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Crypto De Nostradame

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Do Kwon, conosciuto come il nome dietro il crollo di Terra/Luna, sta per essere estradato negli Stati Uniti.
$BTC $FTT 

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BTC

93.704,32

-1.13%

FTT

3,6412

+11.25%

11.6k

0

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Will the decline in Bitcoin (BTC) get even steeper? #Bitcoin (BTC), the world's most valuable cryptocurrency in terms of market value, has lost 15 percent of its value since it touched its all-time high (ATH) of $108,000. While BTC's downward movement has confused the market, some analysts have signaled that the decline could get even steeper. The bearish signal that the analyst points to is the rising dominance of the largest stablecoin #Tether (USDT) in the market. In fact, the USDT.D metric, which measures Tether's dominance in the market, has shown a recovery trend compared to previous months. The TradingView analyst stated that traders are moving their capital to $USDT due to the high volatility and downward expectations in the market. TradingView analyst ForexX Mindset predicted that this picture could bring a decline to #Bitcoin and said that a fill-and-empty tactic will be followed. “There will probably be a sharp rise in price, which will convince people to think that the market will go up even more,” the analyst said, adding: “But don’t believe it. This is a trap. The rise will be followed by a big drop, and those who fall into the trap will lose what they have.” Another analyst who expects a short-term decline in Bitcoin stated that there could be “some strange price movements” in the few weeks before the “altcoin season.” Addressing his 236 thousand followers on the X (formerly Twitter) platform, Altcoin Sherpa shared a chart showing the 90 thousand and 87 thousand price levels on the BTC price chart and said: “I would definitely not be surprised if $BTC makes such a move. There could be some strange price movements in the few weeks before the altcoin season and the journey to the moon in price. I still expect an increase.” Altcoin Sherpa said that Bitcoin's monthly price performance does not look great but it is not the worst either, adding, "There is a neutral picture and this may last a few more days."

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