Bitcoin

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<ul class="news-points"> 
 <li><strong>Crypto analyst Michaël van de Poppe tweeted that Bitcoin may drop to $12k, following a $200 drop in price.</strong></li> 
 <li><strong>Bitcoin has struggled to stay afloat the $30k mark since the market slowdown began.</strong></li> 
 <li><strong>Europe saw the launch of its first spot Bitcoin ETF launch, while the U.S. SEC is yet to greenlight any.</strong></li> 
</ul> 
<p>In what many would call a seemingly impossible scenario, crypto analyst Michaël van de Poppe says the <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/" rel="noopener noreferrer nofollow">world’s largest cryptocurrency by value</a> and market cap may be approaching some of its worst days. Amidst the ongoing market slowdown, the analyst says BTC could see a steep decline to $12,000 after dropping $200 in the past few days.</p> 
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   <p lang="en" dir="ltr">Basically, since <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> dropped $200, it's $12,000 next.</p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1691714603770650637?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 16, 2023</a> 
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<p>The occurrence of such a decline, however remote, could signal an overall bearish run for the crypto market. Lately, the crypto market has been in a poor form, with many major cryptocurrencies shedding most of the gains they accumulated over previous months.</p> 
<p>Notably, Bitcoin has struggled to move beyond the $30K mark. Even though the cryptocurrency peaked above the $30k line earlier in the month, it has since droppe…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/analyst-says-bitcoin-to-drop-to-12k-following-recent-decline/">Analyst Says Bitcoin to Drop to $12k Following Recent Decline</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Analyst Says Bitcoin to Drop to $12k Following Recent Decline

Coin Edition

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