The post Bitcoin Needs to Touch this Final Support-Here’s Why BTC Price May Rebound Soon appeared first on Coinpedia Fintech News
Bitcoin price has recently been the talk of the town as the asset experienced a severe plunge today following Binance’s FUD. The leading digital currency is currently witnessing a downturn in sentiment following an unprecedented surge in transaction fees and a nearly 98% full mempool. However, enthusiasts and investors are eyeing a potential rebound soon, as the digital currency has just reached a crucial support level.
Binance FUD Brings Bearish BTC Market
Market participants attribute the core issue to mass transactions “spamming” the Bitcoin network. However, the situation was exacerbated by the world’s largest cryptocurrency exchange, Binance, which repeatedly suspended BTC withdrawals.
Citing “congestion” as the reason for these interruptions, Binance generated a backlog of withdrawal requests, further intensifying the prevailing appre
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