Bitcoin in retreat with target price at -17%, at 50,000 dollars. Other than a 1 million dollars as expected just a few weeks ago. After a period of strong speculation and exponential growth, the world’s first cryptocurrency is now in a phase of correction significant. In the last months, Bitcoin dominated the financial markets, fueled by enthusiasm for Bitcoin ETFs and by the optimistic forecasts of industry analysts. After a rapid price increase – which saw Bitcoin rise by 300% from the end of 2022 – now, however, the panorama has suddenly reversed.
It’s about a temporary fix or is it the beginning of a new one crypto-winter?
In the article we will analyze the reasons behind the sharp retreat of Bitcoin. We will examine the implications of this correction for investors, offering perspective on how the cryptocurrency landscape may evolve. […]
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