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Has Bitcoin Hit the Bottom
The argument of whether has Bitcoin hit the bottom seems to be gaining support across various levels of the market. This is because the price seems to start resisting downward movement. However, is it too early to make such a conclusion? What is Bitcoin and How Does it Work? The recent price action charts show a coin that is highly resisting downward movement. A key indicator is that buyers are waiting at this level to get in the market. In the 1-month charts, the lowest it has gotten is 18,298 dollars. Currently, it is trading at $20,640. Any attempt to get below the $20,000 mark seems to receive an immediate…
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Would You Buy Bitcoin at $15000 ?
The founding cryptocurrency bitcoin continues with its price fall since hitting an all-time high in 2021. With a current trading price of $19500, the coin could still go lower as the bear market persists. Hence, would you buy bitcoin at $15000? What is Bitcoin and How Does it Work? Bitcoin came into the limelight in 2009 as the first cryptocurrency to join the market. Initially, it attracted very little attention with most investors not fully understanding this emergence of a new type of financial asset. However, this perception has changed today with Bitcoin becoming not only the most famous cryptocurrency but also the market leader. Bitcoin Price Volatility The current…
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