Bitcoin at the moment can’t break above the $40,000 mark and is now struggling to stay above the $35,000 level. Many analysts believe that there is more downside to come for Bitcoin and that the price could easily fall below $30,000 in the near future. So what’s causing this downward trend and will it continue?
Some investors are selling their bitcoin, while others are waiting for it to rebound
It’s still unclear what’s causing the current slump in the Bitcoin price, but there are a few theories. Some believe that it’s due to investors selling off their holdings, while others think that people are simply waiting for the price to rebound before buying more.
Whatever the reason, it’s clear that Bitcoin is in a bit of a slump at the moment. Whether or not this downward trend will continue is still up in the air, but it’s definitely something to keep an eye on. So if you’re thinking about investing in Bitcoin, be sure to do your research and stay up to date on all the latest news. Thanks for reading!
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