Bitcoin has fallen below $20000 for the first time in nearly a week, and its lack of sustained upward momentum has led some technical analysts to anticipate an increased possibility of further decline.This largest Cryptocurrency fell 1
Bitcoin has fallen below $20000 for the first time in nearly a week, and its lack of sustained upward momentum has led some technical analysts to anticipate an increased possibility of further decline.
This largest Cryptocurrency fell 1.8% at one time, then rebounded slightly, and now it is reported at US $19991. The MVISCryptoCompare Digital Asset 100 Index, which measures the 100 largest tokens, fell 3.9% at one point.
Most short-term technical indicators indicate a higher than average likelihood of a 'catastrophic' decline before the decline bottoms out, "Fundstrat's technical strategist Mark Newton said in a report on Tuesday. He wrote that Bitcoin has room to fall to $12500- $13000, "and I expect this to be a good time for mid term buyers to increase their long positions
This article originates from the financial industry
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