Bitcoin fell below 70,000 dollars for the first time since August, and inflation fear did the pushing. 📉
Invezz reports Bitcoin fell below 70,000 dollars on Friday for the first time since August, as forced selling in leveraged trades intensified a decline driven by US inflation fears and withdrawals from exchange traded funds. 📰 CoinGecko data checked at 08:00 PKT puts Bitcoin near 67,592 dollars, down 3.77 percent in 24 hours, with the 24 hour range running from 67,052 to 70,470 dollars. My reading is that 70,000 was the line the whole market was watching, so losing it turned a normal dip into a headline event, and headlines bring the sellers out in force.
Does Bitcoin win 70,000 back this weekend, or does the break turn into a deeper slide? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinCrash
Invezz reports Bitcoin fell below 70,000 dollars on Friday for the first time since August, as forced selling in leveraged trades intensified a decline driven by US inflation fears and withdrawals from exchange traded funds. 📰 CoinGecko data checked at 08:00 PKT puts Bitcoin near 67,592 dollars, down 3.77 percent in 24 hours, with the 24 hour range running from 67,052 to 70,470 dollars. My reading is that 70,000 was the line the whole market was watching, so losing it turned a normal dip into a headline event, and headlines bring the sellers out in force.
Does Bitcoin win 70,000 back this weekend, or does the break turn into a deeper slide? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinCrash
