Bitcoin News

If Bitcoin Price Doesn’t Hold Take And Hold $69,000 With Momentum, It Could Get Very Bad

2 days ago

The Bitcoin price broke below $70,000 over the wee

The Bitcoin price broke below $70,000 over the weekend, effectively erasing the gains from the previous week. This move puts the cryptocurrency in a perilous position as the bulls are now hard-pressed to find another major support or risk the decline going deeper from here. According to one analyst, Bitcoin bulls will have to reclaim and hold $69,000 with momentum in order to trigger another recovery trend.

Source: TradingView

BTC surges above $68,000 | Source: BTCUSD on Tradingview.com

Featured image from Dall.E, chart from TradingView.com

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