Tuesday, July 1, 2025
Social icon element need JNews Essential plugin to be activated.
No Result
View All Result
Crypto now 24
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS
MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS
No Result
View All Result
Crypto now 24
No Result
View All Result

Bitcoin Price Outlook: Community Still Very Bearish, Expects Lower Prices

March 4, 2023
in Crypto Updates
Reading Time: 3 mins read
A A
0

[ad_1]

The crypto market continues to be reeling from Bitcoin’s worth drop on Saturday. The most important cryptocurrency by market cap took the vast majority of the market down with it after succumbing to bearish traits. However it appears that evidently this isn’t the top as buyers anticipate the digital asset to proceed its decline.

One other 5% Loss By The Finish Of The Month

March continues to be in its early days nevertheless it has already began out with dangerous information for the market. That is in step with the bearish sentiment expressed by contributors within the area on Coinmarketcap’s Value Estimates function.  The product collects votes from group members concerning the place they see the worth of a digital asset going ahead, giving out a median and a mean anticipated worth. For bitcoin, it’s extremely bearish seeing as buyers anticipate extra downtrend.

With over 11,000 votes collected for the month of March, expectations have turned unfavorable for BTC. The median worth expectation by the top of March got here out to $21,084, which represents a 5.67% decline from present costs. If this prediction have been to come back to cross, it will imply that bitcoin must lose one other $1,200 from its worth, plunging the crypto market additional into the bear.

 Bitcoin price

Traders nonetheless very bearish towards BTC | Supply: Coinmarketcap

Voters additionally maintained the identical bearish outlook for the worth over the subsequent couple of months. With every month, expectations for the digital asset fall decrease to as excessive as 17% losses anticipated within the subsequent three months. By Might’s finish, greater than 4,400 voters put the worth of BTC at a low $18,521.

However What Does Investor Sentiment Say About Bitcoin?

In response to the Crypto Worry & Greed Index, buyers are nonetheless feeling very impartial in terms of the market. However it’s not an extended shot to see sentiment turning unfavorable and fearful in a short time, particularly with the bitcoin worth crash.

Bitcoin price chart from TradingView.com

BTC loses $1,200 in a single hour | Supply: BTCUSD on TradingView.com

The factor about impartial sentiment reminiscent of this one is that it’s fairly simple to affect both facet. Since costs are low, the possibilities of a decline in sentiment develop into greater. This will have an effect on the worth of bitcoin and different cryptocurrencies, leading to additional downtrends.

Nonetheless, simply as the potential of a unfavorable motion is excessive, the premise for a constructive motion is simply as robust. If momentum have been to select up rapidly, then costs may additionally rally sharply, placing $25,000 in view as soon as extra.

BTC is now seeing essential assist at $22,000 however there’s nonetheless quite a lot of resistance at $22,700 that the digital asset must beat to restart its upward rally.

Comply with Finest Owie on Twitter for market insights, updates, and the occasional humorous tweet… Featured picture from NewsBTC, chart from TradingView.com

[ad_2]

Source link

Tags: BearishBitcoinCommunityExpectsOutlookPricePrices
Previous Post

Binance.US Is Operating ‘Unregistered Securities Exchange,’ SEC Official Says

Next Post

Museum of London report reveals museum class divides

Next Post
Museum of London report reveals museum class divides

Museum of London report reveals museum class divides

Polymath NFTers 🧠 – by William M. Peaster

Polymath NFTers 🧠 - by William M. Peaster

Digital Fashion From the Parisian Frontlines

Digital Fashion From the Parisian Frontlines

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Social icon element need JNews Essential plugin to be activated.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Crypto Now 24.
Crypto Now 24 is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS

Copyright © 2023 Crypto Now 24.
Crypto Now 24 is not responsible for the content of external sites.