Bitcoin Price Plunge to $1,000 is Possible, Say Traders; Could it Happen?
Since January, for over two months, Bitcoin has remained in a relatively tight price range from $3,200 to $4,000, unable to break out of key resistance levels above $4,200. Similarly, from September to November, in an identical time frame, Bitcoin maintained low volatility in the $6,100 to $6,700 range. The last time the dominant cryptocurrency showed an extended period of stability, it dropped from the $6,000 region to $3,122, by nearly half. Some traders have suggested that BTC could become vulnerable to a similar downside movement in the near-term if it fails to demonstrate momentum. Momentum is Key, Bitcoin Has
The post Bitcoin Price Plunge to $1,000 is Possible, Say Traders; Could it Happen? appeared first on CCN