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The price of bitcoin is struggling to stay above the critical 100k mark, and analysts are starting to sound the alarm over changing economic factors. Amid the broader market downturn, cryptocurrency trader Jason Pizzino warns that the likelihood of a bitcoin crash is increasing. He highlights key market indicators, such as falling interest in bitcoin and declining trading volume, that suggest the bearish trend is gaining momentum. But he's not the only one, saying that Peter Brandt and Robert Kiyosaki have also recently issued similar warnings.
Pizzino is noticing warning signs in the marketplace
Analyzing the blood trail, Jason Pizzino, a well-known cryptocurrency trader, believes that bitcoin is showing clear signs of weakness. He points out that interest in bitcoin is waning, as seen in Google Trends data. Fewer and fewer people are searching for bitcoin and cryptocurrency, with bitcoin searches dropping to 24 out of 100 and the total number of cryptocurrency searches dropping to 12. This suggests that the hype around cryptocurrency is waning, which often leads to lower prices.
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