{"id":431320,"date":"2023-08-19T15:04:00","date_gmt":"2023-08-19T15:04:00","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=431320"},"modified":"2023-08-19T15:04:12","modified_gmt":"2023-08-19T15:04:12","slug":"bitcoin-price-prediction-btc-slides-to-26k-how-will-market-respond","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-slides-to-26k-how-will-market-respond","title":{"rendered":"Bitcoin Price Prediction: BTC Slides to $26k \u2013 How Will Market Respond?"},"content":{"rendered":"
Bitcoin (BTC<\/a>) price dropped below the $26,000 level after increased negative sentiment. The slump caught many traders off guard, and while longs were hurt, traders that had taken short positions for BTC celebrated. According to experts, the flagship crypto can only go up now, so it is only a matter of time.<\/p>\n\n\n\n Bitcoin has encountered a significant downward trend in the past few weeks, spurred by several events. The initial trigger was the SEC’s continuous rejection of spot Bitcoin ETF applications<\/a>.<\/p>\n\n\n\nBTC Price Drop Explained<\/h2>\n\n\n\n