The analyst predicted the renewal of the annual minimum price of bitcoin

Posted 26 September, 2022

The opinions of experts may not coincide with the position of the editors. "RBC-Crypto" does not give investment advice, the material is published for informational purposes only. Cryptocurrency is a volatile asset that can lead to financial losses.

Now bitcoin is in the accumulation stage after the last depreciation, Andrey Podolyan, CEO of Cryptorg, said in a comment to RBC-Crypto. On September 13, the price of the cryptocurrency reached $22.8 thousand, after which on September 21 it updated the local minimum to $18.1 thousand. As of September 26, bitcoin is trading at $19.2 thousand, over the past day it has risen in price by 0,5%.

“The price for a week is in a more or less narrow range. If the accumulation is successful, we will see growth to $21-21.5 thousand. If the accumulation is unsuccessful, then we will have a descent to the minimum of this year in the region of $17.65 thousand with a further breakdown,” Podolyan warned.

He explained that the US stock market speaks for the second scenario, which last Friday, September 23, closed with a strong decline. In particular, the Dow Jones fell 1.63% to below 30,000 for the first time since June, the S&P500 dropped 1.6% and the NASDAQ Composite fell 1.7%.


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26 September, 2022 11:06

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