Bitcoin price dip to $39.2K places BTC back in bear market territory

in #hopdh • 2 years ago

Traders say the long bear market threat has increased after the BTC price fell to $ 39,200. The cryptocurrency market took a turn for the worse on April 11 after rising inflation, concerns over a few more interest rates by the US Federal Reserve and the US Federal Reserve. Fear of global food shortages has led to widespread weakness in global financial markets.

Data from Cointelegraph Markets Pro and TradingView show that the Bears broke the bull defense line at $ 42,000 in the first trading hour on Monday, with Bitcoin (BTC) falling to a daily low of $ 39,200, and many analysts project short-term price cuts.

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2 years ago in #hopdh by
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