Bitcoin price news latest – Bitcoin takes heavy hit but analysts remain positive price will bounce back

BITCOIN PRICE WILL BOUNCE BACK SAY ANALYSTS

Bitcoin’s price dropped over 30 per cent in a week from $59.3k to $41.9k, according to CoinGecko but analysts believe it will bounce back.

Analyst Antony Portno, Founder of Traders of Crypto bearish on Bitcoin. He mentioned that it is not evident how the recovery of Bitcoin could take place.

Forex Live analyst Adam Button is also bearish on BTC, however, specifically not crypto, reports Coin Quora.

Moreover, Button made a clear view that BTC is not the currency of the future, and it is time all stopped to pretend. Button believes that crypto will recover, and there is a chance for the best crypto to overtake Bitcoin in due time.