Crypto investment analysis: Will BTC drop to $12000?, investors perspective over Crypto market history

[Cryptocrit]

Michaël van de Poppe : “I’ve seen many people suggesting that we’ll see Bitcoin drop to $12,000 and altcoins to have another capitulation. I don’t think we’ll have that and in this post I’ll explain why.”

As many people start suggesting on social media on other platform that BTC will drop to $12000 and altcoins to have another capitulation. The reason standing behind this believe, as altcoin investors are slowly losing faith on crypto market however the market is not moving at all. In fact, the market has been going down since May 2021 for many altcoins, which has been in a bear market for more than two years.

Several reason played vital roles behind this collapses, Government regulatory actions aimed at protecting investors have added to the uncertainty in the crypto ecosystem. The recent lawsuits and investigations against Binance by the SEC and DoJ have made investors cautious. The Influence of Historical Data on Sentiment Social media influence in the crypto community is greatly influenced by historical data. Many investors who entered the market during the 2021 bull run are now experiencing losses for the first time. Hence, they are preparing for further reduction of their portfolio.

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