$BTC A bombshell news about Bitcoin that is making a lot of noise is that the owner of the site (bitmex), Cobra, believes that the good news about Bitcoin is causing a "counter effect" on the price of the cryptocurrency. This means that, despite the positive news, the price of Bitcoin is falling.¹
Moreover, the founder of BitMex, Arthur Hayes, is also pessimistic about Bitcoin and predicts that the cryptocurrency will drop to $70,000. He also mentioned that if Bitcoin enters the range of $70,000 to $75,000, it will be "violently" sold off.
This news is generating a lot of discussion and speculation about the future of Bitcoin. Do you think the price of Bitcoin will continue to fall or will it recover?
What is your opinion?
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