Summary
- "Matrixport said Bitcoin may fall further."
- "The report said seasonal factors and uncertainty over interest rate cuts will increase price volatility."
- "Bitcoin is trading at 108,113 dollars, down 0.63% from 24 hours earlier."
An analysis said Bitcoin (BTC) may fall further.
On the 1st (local time), Matrixport said in a report, "Bitcoin has returned to the 106,000 dollars~108,000 dollars range," and "Bitcoin may fall further." It also forecasted, "Due to seasonal factors and uncertainty over interest rate cuts, price volatility will increase further."
As of 4:10 PM, based on the Binance USDT market, Bitcoin is trading at 108,113 dollars, down 0.63% from 24 hours earlier.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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