The post Crypto Market Takes A Hit As BTC Price Drops Under $68,000! appeared first on Coinpedia Fintech News
Following the remarkable bullish days when Bitcoin crossed the $73,000 mark, the bulls are now taking a hit. With a quick drop in market value, the BTC price is racing downhill and is under the $68,000 level.
Accounting for a fall of 7.33%, the BTC price lost its bullish hold last night. With a bearish engulfing candle forming in the daily chart, the biggest cryptocurrency led to huge liquidations in the market.
So, with the Bitcoin price in a pullback phase after hitting an all-time high, let’s take a closer look at its price chart to find the next support.
Will Bitcoin (BTC) Price Bounce Back To Reach $100,000?
In the weekly chart, the BTC price shows a bullish breakout of the rounding bottom with a new all-time high formation. This marks a huge positive sentiment for crypto and hints at a long-term uptrend. Checkout our BTC price prediction for the coming
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