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Will Bitcoin (BTC) Be Turned Around? Here is the last view..
It has been a critical weekly opening in the cryptocurrency industry. The leading cryptocurrency Bitcoin (BTC), which lost more than 3 percent in value on the first day of the week, has also caused altcoins to face re-seller pressure.
The leading cryptocurrency Bitcoin (BTC) seems to have broken the support of $ 29,500 – $ 30 thousand with today's declines. BTC, which has never fallen below $ 29,500 for 32 days, has declined to $ 28,850 as of today.
At the time of writing, Bitcoin is trading above $29,140 as of 22:15 CEST. Currently, many investors
He expects much larger decreases in the market due to the breaking of the $ 29,500 - $ 30 thousand support.
As of now, although crypto investors expect much larger drops in the crypto market due to the recent drops, things may not progress as expected.
If the leading cryptocurrency Bitcoin (BTC) regains the $ 29,500 level in the coming period, it can quickly rise to the level of $ 32 thousand. Should such a scenario occur, today's declines remain a liquidation operation.
The failure of Bitcoin to regain $ 29,500 in the coming days will cause sharp decreases as investors expect.
It should be noted that in the scenario where $29,500 cannot be recovered, BTC may experience a decline to $28,000.
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