Bitcoin, the world’s largest crypto by market cap, is currently under pressure, as it broke the significant $25,000 mark in the last 24 hours. This development has spurred a sense of urgency among traders and market analysts who are bracing for a possible further dip in the value of Bitcoin (BTC). At the time of writing, BTC is trading at $24,872. The past week has been less than favorable for the cryptocurrency. The asset has plunged 4.2% in the past 24 hours, pushing its price to trade below $25,000. This downward trend has negatively impacted Bitcoin’s weekly performance, resulting in a 6% loss. Traders And Analysts Voice Concerns Several traders and analysts have shared their predictions for the leading cryptocurrency in response to its downturn. Notably, a trader identified as Bluntz conveyed that the critical test for Bitcoin would be to reclaim the $25,600 mark in the ensuing days. Related Reading: Bitcoin (BTC) Stored On Exchanges Plummets Amid Regulatory Uncertainties: Santiment In another corner, a trader called Rekt Capital raised concerns about a possible slide of Bitcoin’s price to lower $20,000. This pr ..
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