Bitcoin price reached a crucial psychological resistance level of around $44.5k after rallying from trading at about $17k in January fueled by heightened institutional demand amid the global banking crisis.
The recent Bitcoin price retrace could pave the way for the highly anticipated altcoin season, thus pushing the flagship coin below $40k in the coming weeks amid heightened social mentions of the buy-the-dip narrative.
Bitcoin’s (BTC) price opened the second week of December in a correction mode, which has resulted in more than $103 million liquidated in the derivative leverage trading during the 24 hours leading to Monday. The sudden Bitcoin price sell-off has also impacted the majority of the altcoin market which has dropped between 5-10 percent with the exception of a few coins like Avalanche (AVAX), Binance Coin (BNB), and Immutable (IMX).
The ongoing Bitcoin correction has, however, increased the social mentions of the ‘buy the dip’ narrative in anticipation of further up

Czytaj więcej

We współpracy z: https://www.crypto-news-flash.com/bitcoins-rollercoaster-ride-could-it-plunge-below-38000/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoins-rollercoaster-ride-could-it-plunge-below-38000