Bitcoin $79,984.07 The harsh decline in prices caused uneasiness in the markets. Famous economist Alex Krüger said that this movement is similar to the fluctuations in the past. Pointing out the price movements in January and April 2024, Krüger said that the current level of Bitcoin is an important threshold. Investors wonder if this tendency is a new opportunity or a harbinger of the fall.
Correction movement and market reflections in Bitcoin
Alex Krüger said that Bitcoin was experiencing a process similar to the correction movement on April 30, 2024. According to the analyst, existing levels can be one of a critical rotational points. The price may decline further or recover in the upward direction.
Krüger compared Bitcoin’s price movements with past fluctuations and said that market participants should follow similar opportunities. Other assets on the market are also experiencing a wide range of corrections. However, Bitcoin attracts attention by displaying certain price movements in certain periods.
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While some experts interpret these movements as “natural market process ,, for others, this decline may be a harbinger of the increase in sales pressure. It is important that investors evaluate these corrections in accordance with their personal strategies.
Tariff News and Effects on Bitcoin Market
Economist Krüger said that one of the most important reasons for the uncertainty in the Bitcoin market is the US tariff policies. He pointed out that new tariff news about Canada and Mexico may have created a panic atmosphere in the market.
Instant pricing of such news of investors leads to sudden changes in the crypto currency market. According to Krüger, sales pressure may increase during such volatility periods, but certain purchase opportunities may also occur.
Emphasizing the importance of strategic purchase during liquidation periods, Krüger said that such price movements occurred two to four times a year. Expert emphasizes that investors should make rational decisions by carefully monitoring the mobility in the market.
The historical movements of the Bitcoin market show that it can see similar fluctuations in the future. However, market uncertainties make it necessary to make careful and conscious decisions.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
