It had brought more interest to the space and in turn, brought more money which is more likely to hold up the price. One is the multiple bull rallies of 2021, the likes of which have never been seen before.
Related Reading | Bitcoin Drops Below $22,000, Is Peter Brandt’s Analysis Still In Play? However, it is important to note that bitcoin has deviated severally from ‘established’ trends that have become associated with it. A historical look shows that bitcoin has consistently lost more than 80% of its all-time high value in every bear market and if it continues to follow this trend, then $10,000 remains a likely level to hit.
Is $10,000 Possible? Given how the previous bitcoin bear markets have gone, it is no surprise to see that the majority of investors actually expect the price of the digital asset to fall to $10,000 before it makes any major recovery.
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BTC trading at $20,546 | Source: BTUCSD on These professional investors were more likely to believe that cryptocurrencies are the future and even when they were not investors and remained skeptical, they were more open-minded towards cryptocurrencies compared to their less experienced counterparts. Interestingly, the large majority of investors with positive reviews of the cryptocurrency were the more seasoned investors. This section of the pool admitted that they expected the price of bitcoin to actually hit $30,000 before it will hit $10,000. The remaining 40% of the survey pool gave their more bullish predictions. Despite the majority feeling the digital asset would succumb further to the bear market, there were still some who believed that there are more positive things coming. However, it was not the only sentiment that was present in the investors surveyed. Related Reading | Decline In Bitcoin Miner Revenues Suggests More Sell-Offs May Follow This same school of thought has been echoed by many in the space, especially on social media. Furthermore, they believe that this price point is more likely compared to the digital asset’s price hitting $30,000. A total of 60% of all respondents said they expected the price of bitcoin to actually decline to $10,000. The digital asset is currently trading above $20,000 but these investors believe that it will likely crash further.
Majority Says Bitcoin Is Going Down Out of the 950 respondents that were surveyed by MLIV Pulse, the majority revealed that they were not expecting any significant recovery for bitcoin. Mostly, investors do not see any bullish movement in the near future. This same sentiment was shared by a polled group of Wall Street investors regarding how they viewed the digital asset. The digital asset which had peaked at $69,000 had declined as low as $17,600 and continues to struggle to hold $20,000, dragging investor sentiment down with it. The decline of bitcoin over the last several weeks has raised concerns among investors in the space. We also carry our DMG imprint, which are series' localized by fans for fans.ĮManga will keep on bursting through screens to bring the greatest in both electronic and physical manga to all.Wall Street Investors Expect Bitcoin To Hit $10,000, Is This Possible? Our library includes titles from Digital Manga's most popular imprints, as well as our partnered publishers like Tezuka Productions, Media Factory and SoftBank Creative (Harlequin Romance manga). We have a multitude of genres, from Action to Seinen, Mainstream, Slice of life, Drama, Romance and many more. Our collection of series' includes licensed titles that have been localized for the English market from over 50 Japanese Publishers. Together with our partners and upcoming artists, our site is an ever growing establishment centered on continuously offering our customers the best in both the electronic and physical manga experience. Providing manga via online streaming and a variety of downloadable formats, in 2018, eManga merged with DMI's print store - Akadot - to house everything in one place. EManga is Digital Manga, Inc.'s own one stop online shop for manga, originally established back in 2008.
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