Bitcoin is falling again, facing strong challenges
The famous Pericles Bank announced that the coming year will witness a strong transformation
It will be a strong transitional stage for digital currencies.
This report comes after the strong decline witnessed in the digital currency market
Trading volumes in spot funds declined, as we mentioned before.
The bank also indicated in the report that a platform like Coinbase is facing a decline
in its revenues due to a strong decline in trading
This prompted the bank to lower its expectations for Coinbase shares.
Bitcoin
Bitcoin has also begun a strong decline again
This is after rising to the levels of $94,628
Bitcoin has fallen and is currently trading near the $86,637 levels.
Bitcoin is expected to continue to decline by areas
Purchasing demand that had previously rebounded near the $80,884 levels
Which are still considered strong areas that may push the currency to rise again.
This is in the event that the demand and closing areas are broken below the 74516 levels
We may see a continuation of the decline that may reach the $66,600 levels
Which represents strong support levels for the digital currency if it is reached.
Bitcoin falls again as it faces strong challenges Barclays has announced that the coming year will see a strong turnaround It will be a strong transition phase for cryptocurrencies. This report comes after the strong decline in the cryptocurrency market and the decline in trading volumes in spot funds, as we mentioned before. The bank also noted in the report that a platform such as Coinbase is facing a decline in its revenue due to a strong decline in trades This prompted the bank to lower its expectations for Coinbase shares. Bitcoin Bitcoin has also started a strong decline again after climbing as high as $94628 Bitcoin has fallen and is currently trading near $ 86637. It is expected that Bitcoin will continue to decline to the Buying demand from which it previously bounced off near $80884 which are still considered strong areas that may push the currency to return to the upside again. If the demand areas are broken and close below 74516 we may see a continuation of the decline, which may reach the 66,600 dollar levels which represent strong support levels for the digital currency if reached.
