Bitcoin (BTC) 
$62,753 After the price fell below the $60,000 level on Thursday, one crypto strategist issued a critical warning. Anonymous analyst Credible Crypto told his 424,500 followers on social media platform
Analyst’s Warning
Credible Crypto stated that if Bitcoin cannot hold the range of $ 58,000-59,000, there may be a serious decrease in its value. Additionally, the analyst stated that he has developed a negative view on Bitcoin in the short term and that the cryptocurrency may find support above $50,000 levels despite being at the top in terms of market capitalization.
“People criticizing me for being cautious at all the highs should pray that the $58,000-$59,000 level holds, otherwise Bitcoin will lose serious value.”
Bullish View from Glassnode
In contrast, Jan Happel and Yann Allemann, founders of analysis firm Glassnode, expressed a positive view for Bitcoin. Glassnode argues that the fact that the Bitcoin whale continues to accumulate shows that the cryptocurrency market is not in a downward trend:
“Whales continue to accumulate Bitcoin. Even though US inflation data is above expectations, whales are still eager for Bitcoin. Stock market volume is falling as long-term holders and whales continue to accumulate. “This shows that confidence in Bitcoin’s medium and long-term performance is solid.”
Currently, Bitcoin is trading at $62,690 and has shown a slight increase in the last 24 hours. While there are different analyzes and opinions in the market, investors state that they should be careful about this situation.
Market Developments
Bitcoin’s price movements continue to attract the attention of analysts and market experts. Between warnings and positive signals, investors monitor future price movements and determine their strategies accordingly.
Finally, these developments in the Bitcoin market emphasize the importance of investors making informed decisions by taking into account different analyses. Understanding market dynamics and evaluating various opinions can be the key to success in cryptocurrency investing.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
