Analyst Speaks Clearly: “Only This Event Could Drop Bitcoin (BTC) to $10000!”

While Bitcoin ($BTC) and altcoins continue to recover, there are differing views on whether the market recovery will be a steady one.

One analyst disagreed with the recovery, which some analysts say is a bull trap and that Bitcoin will suffer further declines even after it dropped to $10,000.

At this point, the analyst stated that a nuclear war would be necessary for Bitcoin to fall to $10,000.

Mati Greenspan, founder of Quantum Economics, told Coindesk that the idea “BTC” could be Bitcoin and it would not be realistic to drop to $10,000.

Greenspan argues that the Bitcoin price would have to fall this much, “a massive event like a nuclear war, ‘global liquidity crisis or an internet blackout” should be required.

Greenspan noted that analysts are often influenced by short-term macroeconomic changes, which can lead them to make absurd predictions.

“Analysts are often influenced by short-term macroeconomic fluctuations and tend to overinterpret them, drawing overly harsh conclusions.”

Bitcoin’s daily trading volume is hundreds of billions to trillions of dollars, but its price cannot be less than $10,000 unless an extreme event (such as global liquidity crisis, nuclear war or internet outage) takes place.

Putting the exact bottom of the market is difficult, Greenspan concluded, but Bitcoin may already have completed its major bear market correction.

The hardest part is locating the right bottom,’ said . But structurally, Bitcoin has already fucked up the large bear market in 2022. It’s not unusual for Bitcoin to be a bitcoin user, but we are now seeing an almost half-back from its all-time high. – ’.

Based on recent price movements, we may have already hit the bottom.”

*This is not investment advice.

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