Bitcoin (BTC) traded at $92,338 on Tuesday, November 26th, marking a decrease of $684 or 0.74% from the previous trading session. Over the past four weeks, Bitcoin has experienced a significant decline, losing 35.87% of its value.
Bitcoin decreases to $92,300
However, looking at a longer timeframe, the cryptocurrency has seen a remarkable 149.35% increase over the last 12 months, reflecting its volatile yet upward trajectory in the past year. Despite recent setbacks, Bitcoin remains a strong performer on an annual basis.
Analysts expecxtations
Looking forward, Trading Economics' global macro models and analysts' projections suggest Bitcoin’s price could dip to $70,903 by the end of this quarter, with a further decline to $62,495 expected in one year. These forecasts are based on current market trends and expectations of regulatory developments and broader market conditions impacting the cryptocurrency sector.
