Investisseuren warnen iwwer Bitcoin Dip, Hei ass wat se soen

Mark Mobius, a seasoned investor and co-founder of Mobius Capital Partners warned against buying the dip amid high volatility in Bitcoin’s price. A meltdown in the cryptocurrency market could take the Bitcoin price dip to as low as $10,000 in near future, he was quoted as saying by Finanziell Neiegkeeten.

The Bitcoin price has been hovering around the $30,000 mark in the last few days, having suffered huge losses in the range of 25% in the space of three days. The recent collapse of Terra’s UST stablecoin had a devastating effect on the markets, including Bitcoin and a majority of altcoins.

While there is a widespread debate on whether the asset price bottomed out already, it crossed the $30,000 mark on Friday. The high volatility is leading to debates over Bitcoin price dip and its likely occurence.

Warnings On Bitcoin Dip

Peter Schiff, the CEO and chief global strategist of Euro Pacific Capital Inc., had also warned about a deeper bottom level. He recently warned investors in a Jeffrey:

“Don’t make the mistake of thinking Bitcoin’s rally back above $30K indicates that a bottom is in. It’s likely this area is no longer support, but resistance. New support is much lower down.”

A strong proponent of gold and long-time Bitcoin skeptic, Shiff had in January this year predicted panic selling of Bitcoin. He predicted that the market would enter a panic selling phase once Bitcoin price breaks below $30,000.

‘Extreme’ Crypto Fear

Meanwhile, the Crypto Fear and Greed Index fell to an ‘extreme fear’ level of 9 on Saturday, after recording a value of 10 on Friday. As of writing, the Bitcoin price was trading at $29,475.57, according to CoinMarketCap. The current price is nowhere close to last week’s Bitcoin price levels of around $40,000.

On the flip side, noted traders like De Michaël van de Poppe believe the Bitcoin price could reclaim the $34,000 level if it tests $32,500. The possibility of an upside above $32,500 is indicated by several bullish factors.

Den Anvesh ass gär iwwer grouss Ukënnegunge ronderëm d'Krypto Adoptioun vun Institutiounen a populäre Perséinlechkeeten ze schreiwen. Nodeem hien zënter 2016 mat der Krypto-Währungsindustrie assoziéiert ass, huet säin Interesse an dësem Raum gehollef seng Journalismuskarriär an de Blockchain-Ökosystem ze pivotéieren. Follegt him op Twitter bei @AnveshReddyEth an kontaktéiert him op anvesh (at) coingape.com

Dee presentéierten Inhalt kann d'perséinlech Meenung vum Autor enthalen an ass ënner Zoustand vum Maart. Maacht Är Maartfuerschung ier Dir a Kryptowärungen investéiert. Den Autor oder d'Publikatioun huet keng Verantwortung fir Äre perséinleche finanzielle Verloscht.