BTC price eyes 30% correction: 5 things to watch in Bitcoin this week

BTC price eyes 30% correction: 5 things to watch in Bitcoin this week


Bitcoin (BTC) heads into a new week after another weekend of major volatility — but this time, the way was down, not up. 

As the market loses $7,000 — the most since the “vertical” price rises began — Cointelegraph presents five things which could keep it moving in the coming days.

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Top on the list of topics among Bitcoiners will be the cryptocurrency’s sudden fall over Saturday and Sunday.

From highs of near $42,000, BTC/USD faced a sell-off out of hours, with bears driving down the pair to current local lows of $32,300.

The drop is the most this year and since the Coronavirus caused a cross-asset crash in March 2020, but was widely predicted by analysts, who argued that Bitcoin had become overextended.

“#Bitcoin crashes >10%: The worst Bitcoin plunge since March is reminiscent of the last halving cycle in 2016/2017. The rally was followed by a slump of more than

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