After the turbulence experienced during the first half of the year, it seems that the waters have calmed down in the cryptocurrency sector. This has led some to think that, perhaps, winter is over and spring has arrived . However, there are those who point out that it could be a simple anomaly that is about to give way to a considerable crash .
At the beginning of November 2021, bitcoin reached close to $69,000, a value far removed from those registered in recent months. In mid-July of this year, the price of the cryptocurrency fell below $20,000 and, although it is true that it has not managed to break the $25,000 barrier again , at least it has stopped the bleeding.
Ethereum is in a similar situation, which has not been spared from the ups and downs of the market. Since January 2022, the cryptocurrency has lost 59% of its value and has not been able to go back to the prices reached in the past, not even with the launch of Merge, the latest update of its blockchain that makes it more ecological and less intensive. in energy. However, it has managed to remain relatively stable around $1,300 .
Bitcoin could plummet 12%
Despite these signs, there are those who believe that the worst is not yet over. According to experts consulted by Finanzas.com , the stationary behavior of bitcoin prices is an anomaly , especially since fixed income has been in continuous movement. For this reason, they consider that there could be greater chances of volatility on the horizon for this cryptocurrency.
Specifically, the Bollinger Bands technical indicator – which informs investors of the volatility of market assets – predicts that a 12% drop is expected for bitcoin . If this hypothesis comes true, the price of the cryptocurrency would be placed below $18,000 .
This crash could be closer than many think for several reasons. The first is the one mentioned above. According to an analyst told Bloomberg , the last times bitcoin crossed the Bollinger band, its price "fell an average of 12% over the next 20 days" . On the other hand, the fact that it has started to become heavily overbought may mean that it is about to weaken.
Rumors of a fall have been sounding since the end of September, when investors transferred 1.69 million bitcoins (about 32,000 million euros) to exchange platforms.
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