Bitcoin hits $46k & moving toward $48k but analysts warn “crash coming soon”
Crypto Analysts say the pre-Bitcoin Halving rally started and it is time to be ready to face the next big crash.
The current trade price of Bitcoin (BTC) is $46,117 & this trade price is 3.5% higher over the last 24 hours.
In the last 7 days, the trade price of Bitcoin surged nearly 7.5%, from $42.5k to $46k with better stability, following the hype of the Bitcoin halving event.
Market sentiments showed that this rally will stop at the $48k trade price & after that, it will start to face a downfall. The downfall may be up to 30% if Bitcoin follows its past Bitcoin halving patterns.
Earlier this we already reported that the Bitcoin market was ready to enter in the pre-Bitcoin Halving rally. Now here people need to understand that investment in Bitcoin will not be safe for short-term traders after this month because the price will crash significantly.
Crypto Fear & Greed Index
The Fear & Greed index figure for this innovative sector is currently 72 & this shows that the greed level among the crypto traders is moderately high.
In short, the majority of the crypto Investors are confident that the market will pump in the coming days continuously.
Financial Guru Ditch Banks, Supports Bitcoin
On 8 Feb 2024, Popular financial expert Robert Kiyosaki talked about the bad financial economy of the US by taking the bankruptcy of multiple banks under consideration.
Kiyosaki said that financial losers will lose money because the banks are crashing.
Further, he said that people should focus on the investment of Bitcoin, Gold, & Silver, instead holding US dollars (fiat money) in Bank accounts.
According to Kiyosaki, these investment assets are the best parachutes to save himself from the crashing economy.
Read also: Now crypto trading & crypto investment gain is tax free in Thailand
