Expectation of a Decline from a Crypto Currency Analyst: Can Bitcoin Make a Correction Move Soon?

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Crypto currency analyst, Bitcoinhe said that the will continue to rise, but may record a correction movement before continuing their rise.

Expectation of Corrective Action

The crypto currency analyst known as “Crypto Ed” on Twitter, in an analysis shared on his social media account, said that Bitcoin’s rise to the price levels of 68.500 dollars may further deepen the correction movement. Analyst, leader crypto currency he said that Bitcoin, the currency, may soon decline to the price levels of $ 65,000 first, and then regain the peak price levels it recorded in April. The analyst expressed that Bitcoin may exceed the price levels of $ 70,000 after this correction move, although he expects a pullback in the short term.

Price Movements on November 9

With the upward price movements it started in the early hours of November 9, 2021, Bitcoin reached an all-time high by rising to the price levels of $ 68,500. Meanwhile, some altcoins started their upward price movements after the leading crypto currency Bitcoin began to move horizontally at the peak price levels recorded. Cardano (ADA), consolidated at the price levels of 2 dollars, rose above the price levels of 2,20 dollars with the value increases it recorded as the market gained momentum. Litecoin has adapted to the market in a similar way and has risen from the 220 dollar price levels to the 290 dollar price levels. In the meantime, Ethereum da has reached an all-time high price level by making an upward attack immediately after the Bitcoin ATH.

The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.

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