BTC may forms the bottoms below $12,000- Willy Woo.

[Heena Kousar]

Since the crypto market has been witnessing a recovery mode because BTC price reached the levels above $17,000. As per the recent news from Coinpedia, Willy woo has analysed that Bitcoin have the possibility of forming the bottoms below $12,000. Depending on the price trends, the analyst keeps a few levels, that he believe the digital asset could approach in the upcoming days, mentioned in Coinpedia.

The platform anticipates that the ongoing upswing is expected to prevail just for a while because the asset stays bearish for the longer time period. It also believed that, the price of Bitcoin may form lows much below the present levels but the chances of a rebound at the moment seems to be pretty misty.

 

[Suba]

The possibility of changes in the price of Bitcoin will always be either up or down, will depend on S and D. A lot of news out there is made by famous people, which are intended only to spread FUD, so that it will make many people panic to sell their Bitcoin. You are also included as a FUD news agent.

 

[Shaf]

I don't think this is an FUD news, to be honest. If we can have high and unrealistic expectations for Bitcoin like $100,000 and even $200,000, it's ok to anticipate that the price may even fall to prices that we did not expect.

One way to look at what may happen is the fundamentals, which are all not in favour of any rally now.

Bitcoin has fallen as low as 85% from at all time high in history and it's just down about 75% now the highs of November 2021. It could possibly go lower, or maybe trend sideways for a very long time.