November 10, is a significant date for many members of the crypto community. Exactly a year ago, the most capitalized cryptocurrency, bitcoin ( BTC ), updated its absolute maximum at $68,789. We tell you how far the coin has gone from the peak and what lies ahead for it
As of this writing, Bitcoin is trading at $16,688, which is 75.67% below its all-time high.
– Our telegram channel “ Isrobit News Word ”
Experts that BeInCrypto managed to talk to believe that Bitcoin may continue to fall in search of a cyclical bottom. According to some of our interlocutors, it is possible that BTC will fall to $10,000 and even break through the designated level.
The arguments in favor of lowering bitcoin to $10,000, among other things, are based on an analysis of the behavior of the cryptocurrency in previous crypto winters. BTC movement statistics show that the coin can find a cyclical bottom about 85% below the high. If history repeats itself, bitcoin risks dropping to $10,000.
