While the downward wave continues in Bitcoin and other altcoins, it is stated that the bottoming numbers can create a buying opportunity. There are also predictions that cryptocurrencies may fall further. Investors are warned to be careful. The values of bitcoin and other altcoins also fell to their lowest levels. While the FTX-induced earthquake continued in crypto currency exchanges and Bitcoin sees 15,500 dollars, there are also those who consider it as a buying opportunity.
According to many market experts’ opinion, crypto markets are experiencing a serious decline. The price of Bitcoin saw below 17 thousand dolars, the lowest level of the last 2 years. Thus, the cryptocurrency fell more than 10 percent in a single day.
Many experts, who stated that the support level in Bitcoin, which broke the $ 17 thousand support, is seen as $ 13 thousand in the short term, advise investors to consider such dips, which are rare in crypto markets, as a gradual buying opportunity.