Home Blockchain News Bitcoin Price Sinks to $7,500 as Analyst Predicts Further 30% Plunge

Bitcoin Price Sinks to $7,500 as Analyst Predicts Further 30% Plunge

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By CCN Markets: In the past 24 hours, the bitcoin price has dropped from $7,900 to around $7,500 by more than five percent against the U.S. dollar in a minor pullback in the crypto market. Within the last seven days, the bitcoin price has fallen by over ten percent, which has led technical analysts in the crypto market to ponder about the possibility of an extended pullback despite the market’s positive macro landscape. 30% pullback for bitcoin a possibility? According to a technical analyst known as Crypto Thies, the relative strength index (RSI) of bitcoin touched the 92 to 95

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* First published on ccn.com

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