The post BTC Price Plunging Hard—Has Bitcoin Correction Started? appeared first on Coinpedia Fintech News
The previous days turned out to be extremely bearish as the Bitcoin price slumped hard by close to 10% following a rise in the upward pressure. Moreover, the bearish clouds continue to hover over the BTC price rally since the early trading hours as the price continues to steadily descend. This has raised concerns about whether the token has entered a correction phase. If yes, where could be the bottoms of the correction as the price is primed for a strong rebound, revamping a rise to $100K?
Bitcoin witnessed a surge in it’s value, influenced by external factors. Firstly, a Chinese court declared Bitcoin & crypto ownership legal, and Trump planned to appoint a White House crypto advisor who is reportedly Cardano founder Charles Hoskinson. With this, the BTC price managed to break the important resistance lines and marked highs very close to the $100K milestone
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