Bitcoin Price Drop: What’s this mean in the bigger picture?

Bitcoin Price Drop: What’s this mean in the bigger picture?
фото показано с : bitcoints.com

2018-6-24 09:12

At press time, bitcoin is retaining its $ 6,100 price from yesterday.
Its initial slump to $ 6,700 occurred after hovering at the $ 7,600 mark for some time, and now the price is just $ 100 away from its February low.
While bitcoin did drop below $ 6,000 during yesterday’s evening hours, things didn’t last, and the coin quickly pushed itself back up to $ 6,100, where it has been ever since.
Bitcoin has allegedly lost over 70 percent of its value since December, when it managed to strike near the $ 20,000 range.
However, many analysts are unconcerned about the currency’s recent behavior, saying it’s all part of a downward trend that was predicted long ago.

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