Crypto news: Nansen analyst said the price of Bitcoin (BTC) could fall to $52,000 because demand remains weak. Despite relatively resilient performance in the crypto market on Monday, BTC is still hovering around $65,000 and has risen 4% since Friday. The analyst said that the coming days will be critical, as they may determine whether Bitcoin breaks through its long-term trading range or falls back to June’s lows. Nansen’s senior research analyst, N early published lai Sondergaard, said the recent rebound lacks strong buying conviction. With no strong buyers, the market is expected to stay rangebound and retrace to $52,000–$58,000 unless market conditions improve.

BTC-3.07%
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