What Did They Say About the Fall in Bitcoin Price?

Bitcoin continues to depreciate significantly since the morning hours. According to CoinMarketCap data, the leading cryptocurrency was trading at $ 6,322 at the time of writing. When we look at the 24-hour data, we see that Bitcoin is experiencing a 20 percent decline. Analysts, who make a statement on the subject, deal with the situation differently.

The famous analyst and trader Crypto Michaël evaluated the events as madness. Crypto Michaël said: “It descends so fast, usually bounces fast. I left Amsterdam 40 minutes ago at $ 7 thousand 300. Then we jumped from 5,500 to 6,500 dollars. ”

So, I left Amsterdam 40 minutes ago at $ 7,300.

Now parked in between my drive and we bounced from $ 5,500 to $ 6,500.

Excuse me.$ BTC

– Crypto Michaël (@CryptoMichNL) March 12, 2020

Bitcoin Acts Like a Risky Asset

Global market analyst Alex Krüger said that he warned investors in advance. “I said that Bitcoin is trading like a risky asset,” said Krüger. I didn’t say that Bitcoin is a risky asset. I said this because of risk management. It doesn’t matter what it is, what it does is important. Leave the philosophical discussion to another time. ”

I’ve been trying to warn you.

– Alex Krüger (@krugermacro) March 12, 2020

Will Compensate After Halving

Another analyst, Selcoin, said that Bitcoin will compensate for this depreciation after halving. Selcoin, Bitcoin was over 10 thousand, folks were making fun of the forums when I wrote that declines could go up to 5200s. I would like to remind you again that I think this band will be the bottom of 2020. I have no reservations. He will be compensated after halving. ” Selcoin added:

The decline can go up to 5200s, but I will consider the supports on it as a step because the left and right of Bitcoin is not clear.

I made a plan. I have repeatedly told the same plan. The decline can go up to 5200s, but I will consider the supports on it as a stage because bitcoin’s right and left are not clear. Then I lie down and wait. beyond what.

– Selcoin (@Selcoin) March 12, 2020

Another analyst @TalattAbi said, “The price of $ BTC is 26 Jun. I guess it would not be wrong to say that after the summit, he moved in a regression channel. Looking at the graph, it is understood that fear is not unnecessary. But we should not read this last fall only as the problem of crypto ”.

$ BTC the price of 26 Jun. I guess it would not be wrong to say that he moved in a regression channel after the summit. Looking at the graph, it is understood that fear is not unnecessary.
But we should not read this last fall only as the problem of crypto. https://t.co/sgdoe1zifx pic.twitter.com/j6orf6facv

– Talatt (@TalattAbi) March 12, 2020

Famous analyst Lock Smith, on the other hand, said that the drop in Bitcoin to 6,500 gold is not the end.

the #Bitco The 6500 gold has no ends.

– Locksmith (@locksmithcrypto) March 12, 2020

Buy Now

Another analyst Mr. Andersonsaid:

“If you want a long term position, close your eyes and buy it now. Keep it in the cold wallet. ”