Many crypto aficionados are enthusiastic about the future worth of Bitcoin, while others are gloomy about the global crypto ecosystem and the BTC price (BTC).
The good news for BTC is that the price is nearing a generational low. In contrast, the bad news is that this bottom might be as low as $10k and could be just months away.
The rise in inflation expectations and policy blunders by central banks throughout the world are said to be the driving forces behind Bitcoin’s current price. To put it another way, this combination of elements is ideal for a predicted BTC bottom at $10k.
Following occurrences such as the Luna Foundation Guard dumping $2.4 billion of its BTC reserves, Celsius’ insolvency, and Three Arrows Capital liquidation, several crypto traders believe that the contrary is true.
A generational buying opportunity (GBO) awaits BTC investors in the next 5 months, which is good news.
According to CoinMarketCap, it has dropped 1.06% in price over the last 24 hours and reached a high of $19,714.34 during the same time period. Bitcoin has lost 9.66 percent of its value in the last week.
The 24-hour trading volume of BTC is also down by 18.27% to $26,620,428.933. Bitcoin’s current market value is $366,366,068,524.
Disclaimer: This article is only here to give you information.It is not meant to be used as legal, tax, investment, financial, or other advice, and it is not given as such.