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The Bitcoin price has continued its cataclysmic November, with BTC dropping further overnight to $6,500, levels not seen since this May.
In today’s show, we examine the following 4 Reasons Why Bitcoin Price Continues to crash:
- 1. BitMEX Dumping On The Market
- 2. Shaken Confidence After Drop To $7k
- 3. Bitcoin Doesn’t Always Respond To Macro Variables
- 4. Bitcoin Whales Stocking Up Before Halving
In other Cryptocurrency news today…
Market analyst says, “The BTC price is headed for $20,000 – $25,000 zone next year.”
The Crypto market has been a disappointment lately. Lackluster bitcoin price action has intensified overall selling activity. But things are in for a welcome change, as BTC is expected to explode next year.
Crypto Michael shared on twitter:
$BTC #BITCOIN All in all, the long-term trend is still fine, aside from a parabolic explosion earlier this year (which is an outburst to the upside). Keeping the trend intact -> market is fine. Onwards to $20,000-25,000 in 2020.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.