Some traders and investors believe that there is still room for a drop in prices for Bitcoin and Ethereum.
Bitcoin's 70% drop in the crypto market may not be enough for some investors as Chinese retail investors believe BTC could drop 18.000 dollars, $15.000 and $10.000, according to WuBlockchain.
Than 2.200 people participated in the vote, with 8% believe that Bitcoin will drop to $18.000 and Ethereum will drop 1.000 dollars in the near future.
In a survey of more than 2,200 people conducted in Chinese crypto community on Weibo, 8% of the voters believed that Bitcoin and Ethereum could be buy the dip when the price reached $18000/1000; 26% will buy in $15000/800; 40% will buy in $10000/500. pic.twitter.com/L2HsetMSk7
- Wu Blockchain (@WuBlockchain) July 14th, 2022
More and more investors believe they will be able to buy BTC for $15.000. The majority of investors are betting on BTC falling to 10.000 dollars and ETH drops to 500 dollars.
While the survey only reflects a small fraction of crypto investors in a given region, it can serve as information about the attitudes of retail investors from other regions. together.
As the data shows, most retail traders and investors are still not ready for Bitcoin or Ethereum at current prices, they believe both currencies will fall even more, which also correlated with the predictions of some analysts.