Bitcoin May Retest $20,000 Zone Before It Drops To $18,000 Level

Bitcoin May Retest $20,000 Zone Before It Drops To $18,000 Level


Fear has gripped investors and traders alike in light of the recent adverse market action. Bitcoin, the most well-known cryptocurrency, has suffered the highest levels of selling pressure since the crisis in June and July.

With a high of $22,400 on September 13 and a low of $18,790 today, Bitcoin has fallen by nearly 8%. The price has dropped by a stunning 13.31 percent.

This, too, can be explained by the unfavorable economic developments in the United States, as have the recent price fluctuations. As of this writing, the latest sell-off has not lost any of its steam.

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Price information from the last few days places Bitcoin between $19,344 and $18,346. Financial market participants should not place any stock in these figures.

Source: TradingView.com Bitcoin

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