Home Blockchain News Bitcoin Could Plunge 50% with November-Like Dump amid Low Volatility: Analysts

Bitcoin Could Plunge 50% with November-Like Dump amid Low Volatility: Analysts

by Rss Feed from web
160 views
cryptocurrency news feed

Bitcoin has struggled to cleanly break out of the $4,000 resistance level and remain above it for more than three months, staying in a tight range between $3,300 to $4,000. If the dominant cryptocurrency fails to test $4,000 again and slips, traders foresee the Bitcoin price declining to the $3,300 to $3,500 range. “$4,400-$4,500 area is where I intend to hedge if we go up. If break down, keep an eye for absorption below $3,330 (HTF liquidity pool). The $2,500-$2,850 area is where I start buying spot if no absorption and we break-down to new lows,” a trader said. But,

The post Bitcoin Could Plunge 50% with November-Like Dump amid Low Volatility: Analysts appeared first on CCN

Click To Read Full Article

* First published on ccn.com

Related Posts

Leave a Comment