De prijs van Bitcoin (BTC) bereikt zijn dieptepunt in twee maanden

De prijs van Bitcoin (BTC) bereikt zijn dieptepunt in twee maanden

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On May 12th, Bitcoin price dropped to 2-month lows.

Bitcoin (BTC) shortly slumped to $26,160, a figure it hasn’t seen since mid-March.

Bitcoin’s value has taken over a 10% plunge since May 6th, breaking away from the rising trend we’ve seen in traditional risk assets, such as Nasdaq.

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Astronaut Capital’s chief investment officer (CIO), Matthew Dibb, believes that a lack of liquidity may have helped a small number of sellers push the prices down, opmerkend:

There seems to be ‘paper thin’ liquidity right now, even across majors such as BTC. While we can’t point at a direct reason for the weakness, any medium to large offers are driving the market down.

De afgelopen tijd is er een worsening liquidity situation on big crypto exchanges, zoals Binance, making it challenging for traders to carry out large orders without impacting prices.

Dick Lo, crypto trading firm TDX Strategies founder and CEO, believes a downturn in traditional risk assets could speed up Bitcoin’s descent.

We could get an acceleration on the downside if US equities also start to roll over. $25,200 is key support for BTC followed by $23,100 on potential downside acceleration.

However, Lo did throw Bitcoin a lifeline, suggesting that a bullish swing could be reinstated if prices climb above $28,500.

As some eagle-eyed analysts noted last week, that Bitcoin’s descent has potentially paved the way for a steeper drop, with the next support zone around the $25,000 mark.

Together with the drop in Bitcoin prices, the Crypto Fear and Greed Index has also liet vallen aanzienlijk. Since April 17th, the index has been softly landing at its current destination of 49, showing a “neutral” market sentiment among crypto investors.

BitDegree Crypto-angst- en hebzuchtindex

The Bitcoin market is in a fascinating phase, showing us that even the mightiest can falter. Yet, this isn’t the end of the road for Bitcoin; it’s merely a hurdle in its long, winding path.

Op het moment van schrijven is Bitcoin (BTC) verkoopt voor € 26,374.37, opname a Prijsdaling van 4.04% in de afgelopen 24 uur.


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