WHALES CALCULATION DESK EXPLAINS WHY WE WOULD SEE A $35,000 - $45,000 BTC BEFORE THE END OF THE YEAR.
The market has shown general weakness since March of this year when BTC Reached an all time high of $73,750.07.
2024 came with a very promising start for the crypto market as the market showed so much activity. Millions of new crypto traders and holders got into the market hence the reason for the prediction that 2024 was going to be a bullish year.
Unfortunately that high activity and energy the market had early this year didn't last for much longer. By the end of March the general market activity, trading and transactions began to witness a massive fall.
So far the entire market has been mostly weak since the month of March up until this moment judging from available statistics provided by Binance, kucoin and Coin Base who're the major exchanges in the market. The volume of transactions performed per day and the amount of money transacted keeps dropping lower every single day indicating a weak or frail market. Number of people transacting has also seen a very significant drop since the month of March to this day.
Seeing this weak status of the market most crypto analyst are now projecting a $35,000 - $45,000BTC Before the year ends seeing that transaction volume are low and the number of persons transacting has been declining sporadically.
Will BTC Eventually fall to $35,000 before the year ends? I'll be telling you the move crypto giants are making to avert this disaster from happening. But whether it eventually happens or not, I'll be revealing that in my next post.
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