Home Blockchain News Bitcoin Price Falls 6% from $7,500; Is BTC Really Vulnerable to Plunge below $6,000?

Bitcoin Price Falls 6% from $7,500; Is BTC Really Vulnerable to Plunge below $6,000?

by Rss Feed from web
225 views
cryptocurrency news feed

By CCN: In the past 24 hours, following an intense 25 percent rally within a seven-day span, the bitcoin price has slightly retraced to around $7,000 from its peak at $7,500, by nearly 6 percent. Several technical analysts expected a minor retracement to occur as the bitcoin price surged from $5,000 to $7,500 in a relatively short time frame, demonstrating a parabolic upside movement. Although technical indicators of bitcoin have portrayed oversold conditions subsequent to its strong rally, the momentum of the dominant cryptocurrency may allow the asset to sustain its positive trend in the near-term. Why a Large Retracement

The post Bitcoin Price Falls 6% from $7,500; Is BTC Really Vulnerable to Plunge below $6,000? appeared first on CCN

Click To Read Full Article

* First published on ccn.com

Related Posts

Leave a Comment