Crypto Analyst Warns That The Price Of Bitcoin May Continue To Drop

Crypto Analyst Warns That The Price of Bitcoin May Continue to Drop. Daily News 12th December.

Crypto Analyst Warns That The Price of Bitcoin May Continue to Drop

After the recent sell-off, cryptocurrency expert Altcoin Sherpa predicts long-term growth for Bitcoin but warns of further drops.
Popular cryptocurrency analyst Altcoin Sherpa has issued a warning to Bitcoin investors, stating on his social media platform that the recent decline in the price of Bitcoin could result in seven more price drops. Sherpa predicted that following this sharp decline, Bitcoin might fall even further.

Major exchanges saw the price of bitcoin drop below $40,500, which sparked a massive sell-off worth an estimated $409.8 million. Despite the decline, Altcoin Sherper said he remains bullish about Bitcoin’s long-term prospects.

He warned, “Be ready for more declines in the price of Bitcoin.” He did, however, reassure that the current decline is negligible in light of Bitcoin’s broader trend.

Sherpa predicts that Bitcoin will stabilize before beginning to rise once more.

It usually goes like this: strong move, roughly one month of cooling, then the next leg up. In my opinion, if we dump, then consolidate, then pump in January. He remarked

As of this writing, the price of bitcoin is $41,887.

Crypto Analyst Warns That The Price of Bitcoin May Continue to Drop

Onchain Bigtime

A Smart Whale buy low sell high address transfers a large amount of $BIGTIME to the exchange to take profits👇

2 hours ago, a Smart Whale wallet address transferred 2,475,179 $BIGTIME ($1.63M) to #Coinbase

According to Onchain data, this Smart Whale received the above tokens 2 weeks ago from the #Coinbase wallet with an average entry of ~$0.21. It is estimated that this MM has x3 the investment with $BIGTIME ($1.12M)

It can be seen that this MM has quite good market timing as the Gamefi trend is having cash flow and they have made large profits in just a short time of holding $BIGTIME.

The Other News

Bitcoin today had a relatively strong correction, like a crash to liquidate leverage. But what is the short-term motivation to continue increasing in December? The current time is more suitable for adjustment and we can proactively balance this period.

$LYRA – Lyra proposes to launch V2 via Snapshot

+) Deploy Lyra Chain, Protocol and Exchange

+) Build fund security module instead of DAO

+) V2 mainnet

+) V2 incentives

$WLD – The contract with the new MM company will take effect on December 16

+) 10M WLD will be added into circulation when the new MM goes into effect

$ALICE – My Neighbor Alice will launch Alpha Season 4 and change its status to Fully-Onchain Game

Get ready to Re-imagine Lummelunda in #MNA Alpha Season 4! 🤩

Starting on Dec. 12, neighbors can witness the transformation of our fully #onchain game & embark on a journey of self-expression.

📽️ Watch the trailer now to see what awaits!https://t.co/n8Zyu8HK2A #NFTGames #P2E

— Alice (@MyNeighborAlice) December 1, 2023

$JOE – Trader Joe’s launches DEX Merchant Moe exclusively for Mantle, JOE holders will receive airdrop

Trader Joe introduces Merchant Moe, a purpose-built DEX for @0xMantle.

Merchant Moe is an extension and franchise approach to expanding the innovative Liquidity Hub built by Trader Joe.$JOE holders are welcome to join this journey, starting with an airdrop of 2.5% of the total… https://t.co/RYQAg7O5s8

— Trader Joe (@TraderJoe_xyz) December 11, 2023

$ALEX – ALEX releases Alpha Bitcoin oracle version in partnership with Domo, BIS, Hiro, UniSat, Xverse and Xlink

📢 Joint Announcement: Alpha Release of Bitcoin Oracle

🌐 Thrilled to unveil the Bitcoin Oracle’s alpha release, a groundbreaking step in DeFi, developed by ALEX , @domodata @bestinslotxyz @hirosystems @unisat_wallet @xverseApp and @XLinkbtc.

👉https://t.co/tD1Qr9Gfpd pic.twitter.com/Oh3k67bcIX

— ALEX 🟧 THE Finance Layer on Bitcoin (@ALEXLabBTC) December 11, 2023

$BCUT – bitsCrunch starts Token Sale on Coinlist on December 14

+) Backed by @coinbase @animocabrands @0xpolygon @chainlink

We are excited to announce the BCUT token sale taking place on the 14th of December, in partnership with @CoinList

One API, Endless Possibilities – Your gateway to access smart insights on NFTs and other blockchain assets.

Join the BCUT Token Sale
🔗 https://t.co/yF66iL26mJ pic.twitter.com/aHxY8LPF9Y

— bitsCrunch | Insights for a better future of NFTs (@bitsCrunch) November 30, 2023

Pudgy Penguins blue chip NFT collection launches alpha version of “Pudgy World” in Q1 2024

+) Pudgy World is a multiplayer game based on Pudgy’s NFT

Flippers up, frens 🐧 @PudgyPenguins’ Pudgy World is launching in Alpha Q1 2024! Powered by zkSync, Pudgy World is an immersive, multiplayer, digital game accessible to Pudgy Penguins NFT holders and Pudgy Toy owners.

❄️ Onboarding the masses

zkSync’s mission is to scale… pic.twitter.com/y27UVhKY4u

— zkSync ∎ (@zksync) December 10, 2023