Bitcoin Amidst Relentless Sell Off; Is It Targeting $13,000 Now?

Bitcoin Amidst Relentless Sell Off; Is It Targeting $13,000 Now?


Bitcoin has been on a continued downfall after losing close to 33% over the last seven days. In the last 24 hours, BTC lost close to 6% and was moving towards its next support level. There has been immense choppiness in the market, with BTC steadying around the support level of $23,000 and then falling right through that level again.

Bitcoin again bounced off the $20,000 price level as it was trading slightly above that level at the time of writing. Fall from the current price level can push the coin towards the $17,000 support mark.

Traditional financial markets also have suffered the brunt after the US Federal Reserve decided to hike up interest rates by at least 50-basis points.

Trending: Thousands Of Flights Cancelled As Pilots Strike Before 4th Of July

Sellers have taken over the

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend