How investors are experiencing the next “death” of bitcoin – an overview

CONTENT

  • Not all investors are positive about BTC

  • The fall of bitcoin was not a reason to shift attention to altcoins

  • Many people perceive the decline in the price of BTC as an opportunity to buy cryptocurrency

International consortium of news organizations developing transparency standards.

Bitcoin (BTC) met Tuesday with a wave of decline. “Correction” – thought the investors. “Bitcoin is over,” the newcomers objected. Many market participants, including the CEO of popular digital asset exchange Binance, Changpeng Zhao, took the opportunity to ridicule the statements of panicked users. At the same time, investors drew attention to the fact that even taking into account the fall, the current BTC rate turned out to be higher than the indicators of previous years.

https://twitter.com/LexKimbra/status/1308247772810936321

Many agreed that the next decline in the bitcoin rate is an opportunity to profitably buy cryptocurrency.

BUY THE DIP !!! # Bitcoin

– The Moon (@TheMoonCarl) September 21, 2020

According to investors, there are many reasons for users to pay attention to the coin. One of them, according to Dan Held, head of business development at the Kraken digital asset exchange, is long-term prospects..

“Bitcoin will last longer than the US dollar,” he wrote on his microblog.

Bitcoin will last longer than the US Dollar.

– Dan Held (@danheld) September 21, 2020

Dana Held’s opinion was agreed by his colleague – the chief strategist of Kraken, Pierre Rochard. In his opinion, Bitcoin is the only asset on Earth whose value is not exaggerated.. 

All assets are overvalued except Bitcoin.

– PierreRochard.com (@pierre_rochard) September 21, 2020

Cosmos (ATOM) – Up And ATOM!!

Meanwhile, a popular analyst in the crypto community, blogging under the nickname Crypto Michaël, decided to analyze the potential for further movement of the bitcoin rate. In his opinion, the coin runs the risk of continuing to fall. As the next target, he designated the level of $ 9,600. At the same time, the analyst noted that the scenario he presented is likely to be canceled in the event of a cryptocurrency breakout of the $ 10,800 high. 

$ BTC #BITCOIN

A potential scenario I’m watching.

Invalidated if we break above $ 10,800. pic.twitter.com/JgmB7fjdzM

– Michaël van de Poppe (@CryptoMichNL) September 21, 2020

How investors are experiencing the next'death' of bitcoin - an overview

The popular trader The Wolf Of All Streets drew attention to the performance of technical indicators. At the moment, according to the analysis, bitcoin looks oversold, which may indicate the growth of the first cryptocurrency in the short term..

$ BTC 4-Hour RSI

When RSI hits oversold, it eventually travels to overbought and vice versa. We have now tapped oversold again. I am watching for an eventual bull div, although this could be "enough" of a drop.

4-Hour divs are powerful – I’ve shared the chart history many times. pic.twitter.com/sAQNNghnke

– The Wolf Of All Streets (@scottmelker) September 21, 2020

Against the backdrop of a decline in the price of bitcoin, members of the crypto community also drew attention to the prospects for investments in altcoins. Blogger DonAlt decided to find out if users are interested in other popular coins. To do this, he asked the readers of his microblog if they have such altcoins as Litecoin, Bitcoin Cash, XRP, EOS and Cardano in their portfolio. More than half of the respondents answered that they consider coins to be rubbish. Only about 20% of users, as it turned out, keep the mentioned cryptocurrencies in their wallets. 

Do you own LTC, BCH, XRP, EOS or ADA?

– DonAlt (@CryptoDonAlt) September 21, 2020

We will remind, earlier the editorial staff of BeInCrypto analyzed which cryptocurrencies demonstrate the best profitability indicators in September.

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

Share Article

How investors are experiencing another bitcoin “death” - an overview
How investors are experiencing another bitcoin “death” - an overview
How investors are experiencing another bitcoin “death” - an overview

What Is Bitcoin & How Does It Work? (w/ Andrei Jikh) – IMPAULSIVE EP. 250

Similar articles