From almost 20k USD it's now down to 9,264.97 USD in just a few weeks. On the news we have seen wave upon wave of countries banning Bitcoin and then Facebook comes out with a disclosure banning all Bitcoin and cryptocurrency related ads
Now the question is, from a technical perspective where is it headed? Nothing much has changed, the cryptocurrency is still in a downtrend with a support at around 8,000 USD and a stronger one at 5,000 USD. Should the downtrend progress, i think it could test those levels.
Time to buy and Hold
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upvoted & following you purpleheart . . .
some see it as an opportunity to buy bitcoin at a lower price
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Well the downward may be owing economic crisis
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upvoted & following you . . .
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