Bitcoin Loses Its Position to Gold – Experts Expect Further Decline to $30,000 – crypto.news - BitcoinEthereumNews.com
Bitcoin क्रिप्टोबिटकॉइन ने सोने के लिए अपनी स्थिति खो दी - विशेषज्ञों को 30,000 डॉलर तक और गिरावट की उम्मीद है - क्रिप्टो.न्यूज02 / 22 / 2022बिटकॉइन एथेरियम समाचार As the Bitcoin-to-gold ratio reaches the lowest level since mid-2021, most analysts and experts suggest that the further decline of BTC price is extremely likely. The expected support level is $30,000. Causes of Bitcoins Decline Despite Bitcoins high rates of growth within the past two years, the last several months are characterized by the slowing dynamics of the main cryptocurrency as compared with gold and fiat currencies. At the moment, gold outcompetes Bitcoin both in terms of price stability and long-term dynamics. The current trends also indicate the high likelihood of the further price decline of the Bitcoin-to-gold ratio in the following weeks. Bitcoin demonstrates the negative dynamics for the sixth straight day. Most analysts attribute such problems to the prevailing geopolitical factors such as the growing tensions around Ukraine. In particular, President Putin has officially recognized the two self-proclaimed quasi-states in Eastern Ukraine and anounced the military support of these territories. Such decisions have already caused the anouncement of new sanctions against Russia by Western countries. The escalation of international relations between Russia on the one