Bitcoin hit its lowest price since the beginning of the bearish trend. And given the economic situation in the world, this is quite logical. Watching the comments of traders and analysts, many agree that this is not the bottom! But! Considering that the inflation indicators have decreased and the dollar has started to reverse, it can also be assumed that this level may be the beginning of the growth of BTC. Also, New Year's Eve hype can provoke the growth of the cryptocurrency market.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.