Where Is the “Death“ Threshold for Bitcoin? Is It Possible For It to Drop Under 30k? By DailyCoin – Investing.com
- Date: 25-May-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Where Is the “Death“ Threshold for Bitcoin? Is It Possible For It to Drop Under 30k? By DailyCoin – Investing.com
While statements in the crypto space about Bitcoin's store of value and support from institutional investors create equilibrium between supply and demand, Bitcoin is still dependent on social opinion. Similar to the stock market tendencies, news affects the price of cryptocurrencies. Although Bitcoin has hooked onto a status of the “digital gold” trademarked volatility, it's the biggest downfall after the price of Bitcoin plummeted nearly 50% from its previous all-time high.
Is there support at 30k?
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