3 Key Metrics Suggest Bitcoin Could Dip To $40,000 – Investing.com
- Date: 29-Aug-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
3 Key Metrics Suggest Bitcoin Could Dip To $40,000 – Investing.com
appears to be under heavy selling pressure, suggesting that investors are preparing to cash out.
Bitcoin’s network activity suggests that a spike in profit-taking is imminent. Still, only a decisive break of the $46,000 support level is likely to lead to a steep decline.
Bitcoin could soon experience a retrace.
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