A crypto analyst has warned that if the trading volume of Bitcoin continues to decline, its price could drop by up to 60%, potentially bringing the price down to $49,000.
The analyst indicated that a decrease in volume generally precedes significant price changes, and if the current trend continues, Bitcoin’s price may see a substantial decline. This warning is crucial for investors to consider potential risks.
In short, there is a significant risk of a severe drop in Bitcoin's price if trading volume continues to decrease.
