Bitcoin Breaks Below $29K erasing yearly gains in less than 8 hours
Bitcoin Breaks Below $29K erasing yearly gains in less than 8 hours

Bitcoin dropped below 29.000$, pushing week's losses briefly over 18% amid profit-taking push.

Bitcoin dropped below 29.000$, pushing week's losses briefly over 18% amid profit-taking push.

Per BullsInvest's prior report, the recent drop in BTC value is likely due to profit-taker investors in U.S and Europe.

Bitcoin dropped below $28.900 on Coinbase at 0.30 UTC of Thursday. That level was reached back on 4th of January 2020 when the leading cryptocurrency rallied to its new ATH of almost $42000 on Jan.8.

Bitcoin maybe have topped temporarily and that pullback to 20.000$ is highly possible, said yesterday Guggenheim's CIO Scott Minerd, who said that BTC should worth over 400.000$.

The current year-to-date gains are below 1% due to continued selling push.

According to Mike McGlone (Bloomberg analyst) Bitcoin appears in similar to May and June of 2017 price rang

ed from $3000 to $2000 before skyrocking higher".

Will you join the Bitcoin revolution? It's up to you to get on board the crypto train! To do so, and start learning about this exciting world, don't wait to create an account on Binance, the leading Bitcoin and crypto exchange. Click here to signup and safe from the trading fees.

img
img

Nathan George

Blogger and Influencer

Related Post