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Bitcoin News & Updates / Bitcoin Price Consolidating But What Happens if $9K Support Is Lost?
« on: July 05, 2020, 02:52:08 PM »
Several signs are pointing to a new bear market for Bitcoin as mining chip manufacturers are feeling the pinch from the halving and the global economic downturn.
Bitcoin (BTC) has failed to challenge the multi-year resistance of $10,500 since the beginning of June 2020. This extended period of chop will ultimately result in one of two inevitable outcomes.
Either a massive green candle to catch bears off guard or a period of profit-taking that will see the leading digital crypto-asset fall to sub $8K levels in the coming weeks.
But what signs can we look out for to determine which direction the largest cryptocurrency by market capitalization will go?
More information: https://cointelegraph.com/news/bitcoin-price-consolidating-but-what-happens-if-9k-support-is-lost
Bitcoin (BTC) has failed to challenge the multi-year resistance of $10,500 since the beginning of June 2020. This extended period of chop will ultimately result in one of two inevitable outcomes.
Either a massive green candle to catch bears off guard or a period of profit-taking that will see the leading digital crypto-asset fall to sub $8K levels in the coming weeks.
But what signs can we look out for to determine which direction the largest cryptocurrency by market capitalization will go?
More information: https://cointelegraph.com/news/bitcoin-price-consolidating-but-what-happens-if-9k-support-is-lost