IS BITCOIN'S FALL INEVITABLE? On Monday, July 11, analysts | NFT Doggies

IS BITCOIN'S FALL INEVITABLE?

On Monday, July 11, analysts at MLIV Pulse published the results of a survey of investors regarding the further movement of the price of BTC. It turned out that the majority of investors do not believe in the rise to 30 thousand, and they seem more likely to fall to 10 thousand dollars.

A total of 950 traders from Wall Street took part in the study. 60% of them think that in the nearest future bitcoin rate will "sink" twice. The rest are confident that the price will rise, albeit not immediately.

This correlates with the data on the behavior of institutional investors, who are actively shorting Bitcoin amid the bear market. As a consequence, capital inflows to these funds are much higher than to others.