Latest Bitcoin price and analysis (BTC to USD)
November 22 2019 - 06:00AM
Coin Rivet
Bitcoin (BTC) is currently trading at just above $7,040
following a huge 20% drop in price since Monday. BTC has now broken
most of its support levels and seems to be in a free fall, believed
to be due to miner capitulation. Bitcoin has been consolidating
since last month, and as such some analysts thought BTC would
bounce back up at some point between $7,500 and $8,000. However,
price movement went the other way and seems to be going down
further. Will BTC recover soon? Let’s take a look at Bitcoin’s
chart. At the time of writing, Bitcoin is on a very bearish trend.
Lower highs are giving way to significant price drops. Since the
massive bull market that took
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