Foreign media analyst: Bitcoin will fall short after the retest of lows of $7730 and $7,850 in the next 24-48 hours

According to AkBCrypto analyst Akash Girimath, Bitcoin fell 20% in two days, which once again proves that BTC is a highly volatile asset and that anything can happen in a matter of days or hours. This decline has resulted in BitMEX's liquidation value of approximately $700 million. The sudden drop in bitcoin prices is easily attributable to its volatility. The 30-day volatility of the BTC bottomed out on September 16, usually followed by a high volatility period. In addition, Bitcoin has been in full 4 months and is ready to break out, best explaining the recent decline in bitcoin prices. The current form of Bitcoin shows that the price will eventually fall to the bottom, which seems to be very similar to the top drop. Bitcoin will retest the lows of $7,730 and $7,850 over the next 24-48 hours. Now that the price has closed below the daily moving average of 200, once the Fibonacci level is exceeded, the chances of further decline in Bitcoin will become even greater. If the downturn occurs, Bitcoin may fall to $6,580.