Cryptocurrency
What’s the Key Level to Watch for Bitcoin (BTC) Price?
As reported on News BTC, “On Thursday, Bitcoin bears continued to ravage the cryptocurrency market. According to CoinMarketCap, the leading cryptocurrency has incurred another 4% loss of the past 24 hours, falling to under $8,000 for the first time in months. “While this devastating drop was forecasted by analysts like Peter Brandt, this move caught […]
As reported on News BTC, “On Thursday, Bitcoin bears continued to ravage the cryptocurrency market. According to CoinMarketCap, the leading cryptocurrency has incurred another 4% loss of the past 24 hours, falling to under $8,000 for the first time in months.
“While this devastating drop was forecasted by analysts like Peter Brandt, this move caught most investors aback, as made abundantly clear by the $550 million in BitMEX long liquidations observed on Monday.
“With Bitcoin entering a brief price lull right now, you may be wondering — what BTC price level should I be watching right now?…
“…To get straight to the point, $7,700 is the most important price point for Bitcoin investors at the moment. Around this level — which is nearly 50% below the $13,900 peak seen in June — sits a confluence of integral technical support levels…”
Continue to view the full story at News BTC.
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