Bitcoin’s price has now fallen for 30 consecutive days (BTC/USD) since a 40% spike on October 25 2019. The fear and greed index is showing ‘extreme fear’ and sentiment across social platforms has quickly turned from bullish to bearish, with some predicting a drop to $2,000 coming soon. However, since touching $6,500, the Bitcoin bulls have started to defend the price, and buying volume has returned to monthly highs across many cryptocurrency exchanges. For now, to avoid any further downside price action, Bitcoin would need to reclaim previous support and close the weekly candle above $7,300. This price acted as a strong level of support back in October, but also acted as strong resistance in 2018 as Bitcoin battled toThe post Bitcoin bulls fighting to defend $7,300 appeared first on Coin Rivet.
from Yahoo Finance https://ift.tt/34pdpb0
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