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#Opinion
π― Although #Bitcoin has fallen below $60,000 again, analysts from #Matrixport claim that the downward trend is over
Experts argue their position by noting that on June 25, #BTC had already reached a critically low level, and the Fear and Greed Index indicated a value after which prices typically begin to recover.
π Meanwhile, #StandardChartered predicts the value of digital gold to reach $100,000 closer to the US presidential election.
In their opinion, the price will respond to the prospects of Joe Biden participating in the election.
Experts argue their position by noting that on June 25, #BTC had already reached a critically low level, and the Fear and Greed Index indicated a value after which prices typically begin to recover.
In their opinion, the price will respond to the prospects of Joe Biden participating in the election.
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However, major investors continue to make optimistic forecasts. For example, according to #StandardChartered, the current decline is due to widespread profit-taking, and this temporary correction is seen as the most favorable moment to buy Bitcoin.
#CryptoNews #Opinion
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