Bitcoin in a dive: Analysts warn of the next crash!

Bitcoin in a dive: Analysts warn of the next crash!

Finland, Land - Bitcoin has suffered a shocking reset in the past 24 hours. After the cryptocurrency recently exceeded the record of $ 100,000, the course fell by about 3 percent and currently consolidated at around $ 97,000. Analysts raise the alarm and warn of a possible decline to up to $ 90,000. Robert Kiyosaki, a well-known investment expert, sees this market correction a chance for clever investors, while others, such as crypto analyst Lark Davis, are convinced that the best times for Bitcoin are still imminent, like OE24.at reported.

market dynamics and investor behavior

Another look at the market shows that Microstrategy recently acquired 21,550 Bitcoin for around $ 2.1 billion. CEO Michael Saylor confirmed his long-lasting support for Bitcoin and plans to continue to buy at a price of $ 1 million. Forecasts indicate a potential increase in the Bitcoin course to $ 150,000 by 2025. While the short -term investors are currently active, long -term investors seem to be less willing to change their stocks, which could lead to stabilization in market dynamics.

The debate about Bitcoin's energy consumption also remains a hot topic. According to reports, a single Bitcoin transaction requires 1,173 kilowatt hours of electricity, which corresponds to an energy consumption of an average US budget over six weeks. Critics draw comparisons to traditional banks and gold that are said to consume twice as much energy, which relativizes the negative image of Bitcoin, so Coinmarketcap.com . In addition, it is estimated that between 40 and 75 percent of the energy consumption of Bitcoin from renewable sources, which further heats up the discussion about sustainable practices in Bitcoin mining.