Bitcoin has a lot of connections with the year 2017.
A new study comes to the same conclusion as the last one — and for those concerned about the $58,000 cut scheduled on October 27, this is nothing new.
In accordance with Fibonacci sequences, if the remainder of the quarter follows the same timeline as the previous four years, the value of Bitcoin will rise. It is possible that these prices, which are an order of magnitude higher than the top of 2017, would approach $300,000.
Traders are anticipating a further decline in the price of bitcoin.
Analysts warn that anyone who hold large amounts of bitcoin for an extended period of time may experience significant implications in the near future.
Prior to the launch of the US market, financing rates continued to decline, with the bitcoin to dollar exchange rate remaining at $59,000.