FxPro Analyst: If BTC price does not rebound, it will adjust to 47,000-49,000 USD
In an email, Alex Kuptsikevich, senior market analyst at FxPro, stated that the price of Bitcoin has fallen below $51,000, nearing the bottom of its consolidation range over the past eight days. If it doesn't rebound from here, we might see a deeper adjustment beginning, possibly down to $47,000-$49,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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