Bitcoin

Earlier this year, well-known crypto expert DonAlt shared his view that the biggest cryptocurrency, Bitcoin (BTC), is facing a bearish trend. He advised investors, saying that Bitcoin has entered a bearish zone.A crypto expert known as DonAlt has cautioned investors about Bitcoin’s situation. According to DonAlt, <a href="https://cryptosheadlines.com/bitcoin-drops-to-27-5k-as-number-of-btc-addresses-reach-all-time-high/" rel="noopener noreferrer nofollow">Bitcoin is now in a downward trend after dropping</a> below $30,000. He described the <a href="https://cryptosheadlines.com/crypto-atm-installations-bounce-back-in-may-defying-previous-decline/" rel="noopener noreferrer nofollow">decline as consistent and mentioned the importance of getting back</a> above $30,000 in the near future. He also emphasized the significance of staying over $20,000 for the long run. DonAlt added that if <a href="https://cryptosheadlines.com/bitcoin-og-maintains-faith-in-bull-market-as-btc-price-rebounds-by-8/" rel="noopener noreferrer nofollow">Bitcoin can maintain</a> itself above $27,000, the situation could improve.The analyst also pointed out that <a href="https://cryptosheadlines.com/bhutan-has-been-mining-bitcoin-since-it-was-valued-at-5000/" rel="noopener noreferrer nofollow">Bitcoin’s value has been declining since</a> June. However, BlackRock’s <a href="https://cryptosheadlines.com/market-value-of-bitcoin-request-for-comment-tokens-soars-to-137m/" rel="noopener noreferrer nofollow">request for a Bitcoin</a> exchange-traded fund (ETF) from the U.S. <a href="https://cryptosheadlines.com/okx-cryptocurrency-exchange-enhances-customer-security-with-advanced-proof-of-reserves-technology/" rel="noopener noreferrer nofollow">Securities and Exchange</a> Commission (SEC) has offered some help to the cryptocurrency.BlackRock’s involvement has been a positive influence. If you believe that <a href="https://cryptosheadlines.com/lee-spot-etf-approval-could-propel-bitcoin-to-200k/" rel="noopener noreferrer nofollow">ETFs will get approved</a> soon, you might expect a similar outcome. But if you expect delays or denials, you should consider a much lower target level. <a href="https://cryptosheadlines.com/experienced-analysts-bearish-warning-for-bitcoin/" rel="noopener noreferrer nofollow">Read More...</a>

Experienced Analyst’s Bearish Warning for Bitcoin

CryptosHeadlines.com

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