The post Bitcoin Ignites New Decline, Could Soon Fall Below $16,000! appeared first on Coinpedia Fintech News
The crypto markets have turned extremely volatile and uncertain ever since the popular exchange FTX collapsed and created a ripple of fallouts. Meanwhile, Bitcoin and popular altcoins attempted to begin with a recovery phase, but the bears perceived the fact of their growing dominance despite minor bounces.
Therefore, bearish clouds continue to hover over the Bitcoin (BTC) price which may drag the price back below $16,000 in a net couple of hours!
This is Why Bitcoin(BTC) Price May Resume its Downtrend!
Bitcoin price was struggling hard to clear the resistance at $17,000 compelled the price to form a double top pattern, As a result, the rejection surfaced, diving the prices lower close to $16,400 at the moment which may be extended below $16,000 very soon.
The BTC price broke down from the rising wedge which is largely considered bearish and heading towards the lower suppor
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