TheCryptoUpdates
Bitcoin Bitcoin News BTC News Business Crypto Cryptocurrency Exchange Cryptocurrency News Finance General News News Price Analysis Regulations Trading Trading News Trading News Twitter

Is the Bitcoin Price Downfall an Opportunity for Investors?

Bitcoin Could Fall Below $24,000: Crypto Analysts

Crypto investor and enthusiast Lark Davis recently tweeted his concerns about the downfall in the price of bitcoin on crypto exchanges.

At this point in time, he thinks it’s an opportunity for investors to invest in Bitcoin.

And he asks retail investors, whales, and institutions to keep buying bitcoin at this point in time.

Bitcoin Price Analysis

It has been 26 days since Bitcoin (BTC) last broke out of its downward channel. Fear of owning risky assets following the US Federal Reserve’s commitment to decrease its $9 trillion balance sheet is making investors uneasy.

Source

Inflation has been on the rise across the globe, but retail sales in the UK declined 1.4% in March, signaling the beginning of an economic slump.

In addition, Japan’s industrial output fell by 1.7% in March, according to the latest data. Last but not least, GDP in the United States decreased by 1.4 percent in the first quarter of this year.

Because of this bleak macroeconomic outlook, Bitcoin has been on a downward trend since April.

***

Related Articles

New Zealand legalizes to pay salary using cryptocurrency

Akansha Kesarwani

CoinMarketCap to host first-ever metaverse event 

Mridul Srivastava

Two Arrested for Over $3 Billion Huge Scam Associated with OneCoin

Akansha Kesarwani