After struggling to surpass $20,000 since September, Bitcoin price holds support at $16.5K following the collapse of FTX crypto exchange. The crypto market seems to slowly decouple from the U.S. stock market as crypto price remains under pressure. Mathematical models and veteran analysts predict Bitcoin’s (BTC) bottom near $14,000. However, popular crypto analyst Michael van de Poppe believes Bitcoin will recover after hitting $10,000.
Is Bitcoin (BTC) Price Falling to $10,000
Veteran trader Peter Brandt predicted that Bitcoin’s price to bottom at $14K. Daniele Bernardi, CTO of Digital Wealth, expects BTC price to bottom at $14,500. Bernardi’s prediction is based on mathematical analysis of computer models based on historical Bitcoin price data.
“Bitcoin is extremely repetitive in the cycle, based on the halving that happens more-or-less every four years, and which cuts rewards for miners. So basically we analyze a lot of the quant data related to this, and discovered a huge pa
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