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Back Crypto-currencies
Nobody wants negative forecasts for Bitcoin
Bitcoin has collapsed by more than
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Bitcoin has collapsed by more than 50% since October last year and shows little intention to recover. A flat market has formed on the 4-hour timeframe at minimal levels. We believe the correction may take quite a long time and be complicated, but the downtrend will persist. Thus, we expect Bitcoin's decline to resume with a target of $57,500 and below. Meanwhile, an unprecedented event occurred that best illustrates the essence of the crypto industry. Not long ago, Bloomberg's chief analyst
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Paolo Greco,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
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Stanislav Polyanskiy
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