Bitcoin Price Prediction as Bearish Trend Sends BTC Below $42,000 – Will BTC Keep Falling?
It is difficult to predict the future direction of BTC price, as the cryptocurrency market is highly volatile. However, we can look at the current bearish trend and assess the likelihood that BTC will keep falling.
At the moment, the technical indicators suggest that we are still in a bearish trend, so the likelihood of BTC continuing to decline is high. That being said, it is also possible for a reversal to take place in the near future, especially if an event like the next halving or the approval of a major institutional investor occurs.
In summary, it is highly likely that BTC will keep falling in the near future given the current bearish trend. However, it is also possible for a reversal to take place at any point, just as quickly as a decline.