3 Reasons Why Bitcoin (BTC) Bottom Is Close To Current Range

3 Reasons Why Bitcoin (BTC) Bottom Is Close To Current Range


In the wake of some stability in Bitcoin (BTC) market, speculation is that Bitcoin bottom is close for various reasons. The last one week has been relatively calm for the top cryptocurrency which traded below the $19,500 for major part. Meanwhile, experts suggest there are some key reasons why a Bitcoin bottom is very close to the current range. However, there is every chance that these indications could go wrong, considering the strange patterns seen in the current bear market cycle.

Over the last 30 days, BTC struggled to exceed the psychological milestone of $20,000. Last week saw BTC reach a recent low of $18,300 range. As of writing, BTC price stands at $19,474, up 1.77% in the last 24 hours, according to price tracking platform CoinMarketCap.

Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @AnveshReddyBTC and reach him out at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



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