The Bitcoin (BTC) price continues to hurt investors with recent declines. Cryptocurrency analysts are warning about the possibility of investors selling more. Bitcoin, which has lost 113 thousand dollars in value in the last 24 hours, fell as low as 49 thousand dollars for a short time.
Julio Moreno from the blockchain analysis firm stated that Bitcoin breaking the support level, especially at $ 57,000, could lead to a larger decline. According to the data, many investors are at a loss and Bitcoin could fall as low as $ 40,000. This could lead to increased panic selling in the market and increase volatility in prices.
