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Bitcoin’s price is expected to fall further to $40,000 in the near future.
After a string of denials, the price of bitcoin has dropped to $44,088.
The Bitcoin price takes a step back in order to establish common ground for investors to re-engage in Bitcoin price activity.
Expect a drop below $40,000 before reattaching at $44,088 and recording more profits.
Bitcoin (BTC) market activity shows bulls struggle to maintain their current momentum, while bears remain solid at $44,088. At the present, $50,000 is still out of reach, and investors are growing antsy about when the expected BTC surge would begin. Expect additional interest to fade, with investors withdrawing their funds and a return to sub-$40,000 before the price hits an appealing discount.
Expect Bitcoin prices to move sideways or slightly downward — A $40,000 bet might be made
Bitcoin bulls are under pressure after repeated efforts to break over $44,088 were rebuffed, with bulls folding on their holdings with each attempt. Bears are slowly but steadily increasing their volume, which may begin to weigh even more heavily on both BTC price and mood. For the time being, investors should hold off on investing further or engage in some soft selling of their bitcoin investment.
