Bitcoin vẫn trên chặng đường "quay về" cột mốc 24,000 USD

Bitcoin can still reach 24,000 USD

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Bitcoin is still on the way to "return" to the milestone of $ 24,000

Despite the impressive bounce, many analyzes show that Bitcoin can still bottom out towards the $24,000 price mark.

Over the past 48 hours, Bitcoin has been on a roller coaster ride when the price suddenly dropped from $ 36,000 to $ 28,8000 – the lowest since January 2021 and only a few hours later recovered to $ 34,000.

Despite the impressive rally, some data shows that Bitcoin has yet to break out of its bearish momentum.

Specifically, CryptoQuant pointed out that the number of Bitcoins on exchanges tends to increase. This means that investors are still selling strongly as they lose confidence in Bitcoin’s upcoming trend.

At the same time, stablecoin reserves also increased sharply, mainly because investors sold Bitcoin.

Cryptocurrency analyst Crypto_Ed_NL warns: “Current rally will not last.”

Through the Elliott Wave Theory, he noted Bitcoin is now in the fourth (correction) wave. Bitcoin can return to the price of 35,000 – 36,000 USD before returning to around 24,000 USD.

If this forecast comes true, this will be the lowest price of BTC since the end of December 2020.

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