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CryptoQuant Analyst Predicts Potential Bitcoin (BTC) Price Drop to $40K Coinotag 16 Aug 2024

CryptoQuant Analyst Predicts Potential Bitcoin (BTC) Price Drop to $40K 📉

CryptoQuant Bitcoin

CryptoQuant analyst predicts that Bitcoin (BTC) prices may drop to $40K due to ongoing bearish trends. The analysis relies on the Net Unrealized Profit/Loss (NUPL) metric, which helps in understanding the price movements of Bitcoin.

The prediction adds to the ongoing discussions about the volatility of Bitcoin and the factors influencing its price changes. Investors should be aware of these potential price adjustments as they navigate the crypto market.

Source: en.coinotag.com ↗

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