“Bitcoin, since becoming a financial asset on Wallstreet, has found a strong correlation with the US technology sector.
Therefore, the fall of bitcoin is associated with the fall of all risky assets, which is now observed in the world, ”the analyst notes.
According to the expert, if the correlation continues, then Bitcoin will fall.
“In my opinion, up to $20,000, where the price will stabilize ... And US stocks will fly further if the Federal Reserve does not give up its attitude towards raising rates.
but this is a choice between market stability and inflation, ”the source of RT believes.
Earlier, according to the Coindesk platform, it became known that the price of bitcoin fell below $30,000 for the first time since July 21, 2021.