The world’s largest cryptocurrency by market cap has been thrown into a state of continuous swing. The price of Bitcoin seems to record constant fluctuation without little or no control. Over the past few days, the bears have been taking the upper hand in the BTC market. Hence, Bitcoin’s performance has been more in the south direction. With the constant decline of BTC prices, different reactions have erupted in the crypto industry. Many people have been expressing concerns as the price went below the $20K level. Related Reading: Quant Suggests Bitcoin Will Be Back In The Driver Seat After Ethereum Merge This limit is entirely unexpected for the leading cryptocurrency. This is because the BTC dominance over the altcoins is continuously dropping, indicating that the altcoins are performing better. However, there are still some supporters of Bitcoin who believe that all hope for the token is not lost. For Pantera Capital CEO Dan Morehead, BTC will soon have the bulls in action. The CEO believes that the price decline for Bitcoin is ending as the token will quickly rally. Future Is Brighter For Bitcoin Dan Morehead, a Bitcoin proponent, recently disclosed his opinion during an interview for Bloomberg. He maintained that the future is brighter for BTC as the bull will soon overshadow the current bearish trend. According to the CEO, it’s a normal experience to have back-and-forth trends in the market. He mentioned...
