Will the Fall in Bitcoin Continue? Analysis Company Said “Risk Continues” and Announced the Level They Expected!

Announced last night FED While the hawkish stance in the minutes deepened the decline in Bitcoin, the US government’s subsequent permission from the court to sell the Bitcoins seized from Silk Road affected the price even more negatively.

Bitcoin While its price dropped below $93,000, this drop created fear among cryptocurrency investors.

Singapore-based crypto company evaluating this decline QCP Capital said that there is a possibility that the Bitcoin price could drop to $90,000.

QCP analysts stated that macroeconomic concerns increased as last night’s FED minutes revealed an increasingly hawkish stance. Bitcoin ve altcoin He said prices may continue to be brought down.

While the FED stated that it would slow down the pace of interest rate cuts due to increased inflation risks, analysts said that if Bitcoin falls below $ 92,000, it could drop to $ 90,000.

Analysts recently stated that they expect Bitcoin to consolidate between $92,000 and $95,000 in the short term and prices to remain weak.

“Bitcoin rose to $95,200 last night after successfully retesting the key $92,500 support.

However, there was a decline again earlier today after the news broke that the US government had received permission to sell BTCs seized from Silk Road.

Bitcoin and crypto prices continue to be pulled down by negative macroeconomic headwinds as the Federal Reserve Minutes released last night reveal an increasingly hawkish stance.

FED members stated that they would slow down the pace of interest rate cuts due to increased inflation risks.

US markets will be closed today, so we expect prices to remain weak and move between $92,000 and $95,000 for a while.

However, if Bitcoin falls below 92 thousand dollars, it may cause the 90 thousand dollar level to be seen.”

*This is not investment advice.