THUNDER BAY – TECH – The Bitcoin slide continues.
Bitcoin (BTC) is down -5.95% to CA$26,884.00
Nine months ago, crypto experts were predicting that the cryptocurrency Bitcoin would be topping $100k US.
Since December the price of Bitcoin has continued to slide downward.
Coinbase reports, “Several months into a crypto winter, with BTC down 70% from November’s all-time highs, a big question is percolating: Are we near a bottom? While some analysts that macro factors are key — like the Fed slowing down rate hikes or equity earnings forecasts getting — others feel that we are to the low-end. While no one can predict how crypto markets will move, the search for the bottom isn’t just about price levels. As one crypto trader , “the bottom is as much a product of time as it is price … cynicism must abate to make way for optimism.”
Is the slide over?
Whoever plays the market right could generate huge profits.