Jul 21, 2021 10:59:00

It is also expected that the Bitcoin price will fall below $ 30,000 again and drop to the $ 22,000 level at once.

The market price of Bitcoin, the representative of virtual currency, is on a downward trend. After peaking at 64,000 dollars (about 7 million yen) in April 2021

and falling below 30,000 dollars (about 3.3 million yen) in late June 2021, it has remained below 30,000 dollars. I was there, but I broke the $ 30,000 line again.

Bitcoin Crashes Below $ 30,000 As Cryptocurrency Free-Fall Accelerates | HotHardware
https://hothardware.com/news/bitcoin-below-30000-cryptocurrency-free-fall

TA Tuesday: A look at the critical support levels --Crypto Finance Brokerage

https://www.cryptofinance.ch/en/ta-tuesday-a-look-at-the-critical-support-levels/

In the last three months, the bitcoin market has peaked in mid-April to late April, and in mid-May, there have been two major price drops, and since June it has been around $ 30,000. There was a temporary break below the $ 30,000 line. According to the coin desk, the chart after April looks like this.

One of the reasons for the decline was the significant tightening of mining regulations by the Chinese government, which led to a significant negative adjustment (decrease in difficulty) in the difficulty of mining Bitcoin .

However, the market did not recover and it was in the phase of falling below the $ 30,000 level. This time, at the time of writing the article, it has not returned to $ 30,000 for almost a day.

Patrick Whisser, a trader familiar with cryptocurrencies, predicted that if the price drops below $ 29,000, it will drop to the $ 22,000 level at once. rice field.