Bitcoin's Steep Decline: Last Chance to Buy (BTC)?

Bitcoin (BTC), the leading coin of the popular cryptocurrency market, failed to break the resistance of $ 24,500 - $ 25,000 and then recorded a sharp decline. Bitcoin, which lost value from $25,200 to $20,700, deeply affected the cryptocurrency industry. Then the eyes turned to expert investors. Could this drop be an opportunity to buy BTC?

After yesterday's declines, it seems that the bulls are active in the sector again. Will massive investors who managed to hold the critical support level in Bitcoin (BTC) start a new uptrend in the coming days? Changpeng Zhao, CEO of Binance, said that although there is intense seller pressure on BTC, this seller pressure may be organized to buy Bitcoin cheaply. Will the Much Anticipated Rise in Bitcoin Begin? If basic and technical data are considered in Bitcoin, a sharp upward adventure should begin. BTC, which managed to hold on to the major trend, needs to exceed $ 24,500 - 25 thousand, the resistance level of the ascending triangle formation. BTC, which is predicted to enter a sharp uptrend like the US stock markets, may experience a gradual rise up to $ 37,500. Although the outlook in recent days shows that declines are dominating, some expert analysts predict that there is a possibility that this trend may change in a very short time. The investment information, comments and recommendations in this article do not constitute investment advice. Investment advisory services are provided on a personalized basis, taking into account the risk and return preferences of individuals. The content contained herein is in no way directive and the recommendations are general in nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in accordance with your expectations.