Will Bitcoin Shoot Over $40,000 — Or Drop To $35,000?

Will Bitcoin Shoot Over $40,000 — Or Drop To $35,000?

The king of cryptocurrency, Bitcoin, has slumped below its price support following crucial development on EPA environmental issues and other factors.

Bitcoin price is now at $38,832.74 as of this writing.

Now, many bitcoin experts are worried that Bitcoin’s price could plummet further as it struggles to hold onto the $38,000 price level.

Suggested Reading | What’s In A Name? Ethereum Domain Name Sales Climb 2,300%

Trending: BREAKING: Senate Passes $40 Billion Package to Ukraine, Blocks $48 Billion Aid for Restaurants and Other Small Businesses

Profit-Taking Culprit For Bitcoin Slump

More so, profit-taking may have some impact on why Bitcoin is straining to breach the $40,000 mark. Support at the $38,000 level could also be holding as triggered by the buy-the-dip sentiment.

Santiment, a cryptocurrency data feed for investors, has tracked an increase in BTC in-profit transactions. The count has ramped up fast

Continue reading

You Might Like


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