3 Reasons Why Bitcoin Price Could Fall in Q4/2020
2020 has been a rollercoaster year for Bitcoin. The lockdowns caused by the coronavirus pandemic earlier in the year pushed the crypto lower by almost 60 percent. Its crash shortly followed an equally aggressive rebound that took its price up by 220 percent. It is safe to say that Bitcoin is sitting in a profitable position so far into the year. The cryptocurrency’s year-to-date performance at 50 percent above zero stands taller than the one […]
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Bitcoin faces the prospects of breaking below $10,000 after failing to extend a rally that pushed its price up by 70 percent earlier this year. Here are the top three risks the cryptocurrency is facing as it heads towards the fourth and final quarter of 2020, according to the latest fractals and multiple observations. #1 Another US Equity Selloff; Bitcoin Correlation One of the main reasons Bitcoin faces the risks of falling in the coming […]
One of the reasons behind the fall of Bitcoin price is said to be the upcoming referendum to decide upon Britain's exit from the European Union. After an impressive rally, Bitcoin is now appearing to be losing its bullish sheen, with its price dipping from $750 to $600 within the matter of few days. At the same time, there are different theories that are going around in parallel, explaining the cause for such a drastic fall. One of the reasons behind the fall of Bitcoin price is said to be the upcoming referendum to decide upon Britain’s exit from the European Union – popularly known as....
On Monday, June 15, 2022, the price of bitcoin tapped a low not seen since mid-December 2020 as the price hit $20,080 per unit. A large number of crypto supporters are debating whether or not the drop is the market’s bottom or if the fall could lead to deeper losses. At the time of writing, bitcoin is 70% down from the $69K all-time high (ATH) but traditionally, bitcoin is known to drop around 80% or more from ATHs recorded in the past. Will Bitcoin Slide More Than 80% Down This Time Around? The crypto economy has had a rough couple of weeks as the leading crypto asset bitcoin (BTC)....
If there was any barrier sitting between Bitcoin and its all-time high, they don't seem to be there anymore.
Bitcoin fell drastically this week, paring some of its December gains and maintaining its stretch of volatility on profit-taking sentiment among daytraders.