{"id":135134,"date":"2024-08-08T13:30:56","date_gmt":"2024-08-08T10:30:56","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135134"},"modified":"2024-08-08T01:23:44","modified_gmt":"2024-08-07T22:23:44","slug":"analyst-predicts-bitcoin-will-rapidly-recover-from-recent-drop","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/analyst-predicts-bitcoin-will-rapidly-recover-from-recent-drop\/","title":{"rendered":"Analyst Predicts Bitcoin Will Rapidly Recover from Recent Drop"},"content":{"rendered":"<p><strong><a href=\"https:\/\/x.com\/TheCryptoDog\/status\/1820618233344631069\" target=\"_blank\" rel=\"nofollow\">The Crypto Dog<\/a> <\/strong>believes <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>will rapidly bounce back after its drop from $70,000 to a recent low of $49,000.<\/p>\n<p>He suggests that the cryptocurrency might retrace its decline as swiftly as it fell.<\/p>\n<p>The analyst\u2019s positive outlook is supported by Bitcoin\u2019s rebound from its lows, with the price holding above the key support level of around $54,000.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/younger-generations-prefer-bitcoin-over-traditional-finance-michael-saylor\/\" title=\"Younger Generations Prefer Bitcoin Over Traditional Finance &#8211; Michael Saylor\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/08\/bitcoinnnn5858123-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Younger Generations Prefer Bitcoin Over Traditional Finance &#8211; Michael Saylor<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>He has taken advantage of the recent dip by <strong><a href=\"https:\/\/x.com\/TheCryptoDog\/status\/1820837644047380604\" target=\"_blank\" rel=\"nofollow\">purchasing<\/a> <\/strong>6.75 BTC, intending to hold onto it and benefit from the expected recovery.<\/p>\n<p>According to the analyst, Bitcoin must break through resistance at approximately $57,000 to increase the likelihood of a sustained rally.<\/p>\n<p>If the price reaches this level, he plans to reassess the market conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A well-known analyst is predicting a significant recovery for Bitcoin (BTC), expecting it to quickly recover its recent losses.<\/p>\n","protected":false},"author":3,"featured_media":132468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-135134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Analyst Predicts Bitcoin Will Rapidly Recover from Recent Drop<\/title>\n<meta name=\"description\" content=\"A well-known analyst is predicting a significant recovery for Bitcoin (BTC), expecting it to quickly recover its recent losses.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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