Heena Kousar
New member
Since Bitcoin dumps to new lows in 2022, it also weakens the whole crypto market along with fear of a more bearish trend in the upcoming days. It has been observed that Bitcoin market has been hit the hardest because of the recent bankruptcy filing by FTX after its collapse, fading billions of dollars from the portfolio of investors in the past weeks.
According to Coinpedia, the Bitcoin mining industry suffers heavily by declined profitability because the price of BTC tumbles closer to its crucial support level of $16K. But, it has been anticipated that BTC could bring bullish vibes to the market and achieve investors' most awaited bullish objectives because BTC faced a notable price jump along with the preparation for paving the path for the upcoming crypto bull run.
Bitcoin(BTC) Price To Turn Bullish Above This Level!
Most of the crypto analysts are bullish on BTC's future price amidst the ongoing market chaos. For instance, RLinda who is a well recognized crypto strategist, she predicts that Bitcoin is ready to experience an upward rally to $40K in Q1 of 2023. This is because it trades closer to its final capitulation zone.
Coinpedia News Article has shown a clear picture of this, have a look.
According to Coinpedia, the Bitcoin mining industry suffers heavily by declined profitability because the price of BTC tumbles closer to its crucial support level of $16K. But, it has been anticipated that BTC could bring bullish vibes to the market and achieve investors' most awaited bullish objectives because BTC faced a notable price jump along with the preparation for paving the path for the upcoming crypto bull run.
Bitcoin(BTC) Price To Turn Bullish Above This Level!
Most of the crypto analysts are bullish on BTC's future price amidst the ongoing market chaos. For instance, RLinda who is a well recognized crypto strategist, she predicts that Bitcoin is ready to experience an upward rally to $40K in Q1 of 2023. This is because it trades closer to its final capitulation zone.
Coinpedia News Article has shown a clear picture of this, have a look.
