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☎️BITCOIN PRICE FALLS, CYCLE CONTINUES

☎️BITCOIN PRICE FALLS, CYCLE CONTINUES

Day: 09 | Time: 20:33:14 The price of Bitcoin has fallen to concerning levels, causing some traders to throw in the towel and declare that the upward trend is over. The lack of enthusiasm from professional traders is worrying, especially considering that Bitcoin was trading around $72,000 on June 7th. While 25% corrections are normal during a cycle, the fact that the price has failed to surpass $72,000 since March suggests reduced buying interest. Other factors, such as decreasing retail interest and underperformance compared to other asset classes, contribute to the negativity towards cryptocurrencies. However, there are no signs indicating the end of the Bitcoin cycle according to the long-to-short metric.

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Source: Cointelegraph