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Thursday, February 2, 2023

Bitcoin Price May Crash to $8,000

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After final week’s thrashing, cryptocurrency traders most likely do not wish to hear any extra discouraging phrases.

Unfortunately, one inventory analyst believes that bitcoin may hit fall even decrease than it has lately.

‘A Lot More Room to the Downside’

“When you break below 30,000 [dollars] consistently, 8,000 [dollars] is the ultimate bottom, so I think we have a lot more room to the downside, especially with the Fed being restrictive,” said Guggenheim Chief Investment Officer Scott Minerd.

Source: www.thestreet.com

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