Bitcoin price drops below $43,000 πŸ“‰

    More than two months after hitting its all-time high (~$67,500), Bitcoin (BTC) is losing big today with a drop of 0.61%. The cryptocurrency is still testing $43,000 and trying to rebound.


    Still below $43,000 πŸ“‰. Bitcoin (BTC) can no longer do this and is once again showing signs of weakness. A complex trajectory for the currency which continues to worry while volumes remain weak.

    After hitting an all-time high in November 2021, BTC coins remain in freefall, a drop that may stabilize in the days ahead. Indeed since January 7, 2022, the date of the lowest point for Bitcoin (~$41,200) since September 2021, the currency seems to have stabilized.

    An interesting consolidation for the cryptocurrency which could here start a new rise in the days and weeks to come, considering as basic support, the historic threshold of 42,500 dollars.

    Around $100,000? πŸ”₯

    Bitcoin drops under $43 000 πŸ“‰

    If from a technical point of view Bitcoin remains in a phase of consolidation and uncertainty, all the more in the short term, the long term, on the other hand, changes the situation. The analytical consensus, with the bank Goldman Sachs in the lead, expects Bitcoin to exceed $100,000 in the months and years to come.

    Limited in number while many tokens remain unlimited and produced at billions of units, being the mother value of the cryptosphere, and the target of intentional or state speculation, Bitcoin remains apart.

    A status that could logically lead the currency to the heights in the months and years to come. Of course there are many setbacks in the short and medium term, at least as much as speculation. New regulations could impact Bitcoin’s hegemony and lead it to long consolidation phases.

    Nevertheless, and this is the information to remember: market professionals no longer see Bitcoin as a speculative value, but rather as a solid asset, an asset which should continue its race forward, all the more so with a major adoption of cryptocurrencies as a means of payment.

    Photo by David McBee on Pexels

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    Lucas Jackson
    Lucas Jackson
    CEO & Founder, | Blockchain's project advisor
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