Bitcoin has seen a dip in price at the start of the new week, dropping below $26,000 per coin. After a recovery over the weekend, the coin started Monday with a drop to $25.85k. At the time of writing, Bitcoin is beginning a sharp surge, bringing it to $25,953. However, its 24-hour volume has climbed to over $8 billion.According to a pseudonymous analyst, Immortal, Bitcoin might soon see its last significant dip before the price starts seeing a parabolic rally to $50,000 per coin and possibly higher. The analyst believes that BTC might first see a sharp drop to $20k.CEO and founder of MN Trading, Michael van de Poppe, described the current market as the longest bear market in Bitcoin’s history. He also acknowledged the prevailing sentiment of doubt and pessimism, particularly among the new arrivals to the crypto market, who have yet to experience a strongly bullish period.Van de Poppe pointed out that Bitcoin has been going through cycles throughout its history, seeing significant expansions and massive corrections, followed by accumulation and renewed growth. Bitcoin will eventually see another bull run; however, this may take as long as early 2025, judging by historical data.Throughout the summer, market participants have turned to the most popular meme coin presale, Wall Street Memes (WSM). The project has raised over $25 million during its presale and is in its final days. This is the last chance for potential buyers to get the token before it emerges on exchanges, which will happen in exactly 30 days. The coin is currently available at $0.0337 and can be purchased via ETH, USDT, BNB, or credit/debit card. Join our Telegram channel to stay up to date on breaking news coverage.
This News Article was automatically generated by Bob the Bot(AI)
This News Article was automatically generated by Bob the Bot(AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | Immortal, Elon Musk, Michael van de Poppe, Michaël van de Popp |
| Companies | Bitcoinist, OpenSea, BeInCrypto, Wall Street Memes, Yahoo Finance |
| Currencies | ethereum, usdt, bnb, wsm, bitcoin |
| Securities |
