RATE Group | Bitcoin Bottomed at $9,080, BTC to Rally Into End of 2019
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Bitcoin Bottomed at $9,080, BTC to Rally Into End of 2019

25 Aug Bitcoin Bottomed at $9,080, BTC to Rally Into End of 2019

Posted at 04:18h in Bitcoin News by

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Once again, Bitcoin (BTC) has stagnated, finding a foothold around $10,000 for the umpteenth time in a matter of weeks. While this is a positive development, especially considering the bearish momentum seen last week, there remains some expecting for the cryptocurrency market to continue lower.

As reported by NewsBTC, one prominent crypto analyst suggested that Bitcoin could experience a dump comparative to the November 2018 drop, should BTC’s symmetrical triangle break down.

Such a bearish could bring BTC back down to the $6,000s, where the cryptocurrency famously stood its ground for months on end in summer 2018.

Related Reading: Largest Crypto Ponzi in History? Research Shines Light into Scale of PlusToken

However, Murad Mahmudov, a founding partner of cryptocurrency fund Adaptive Capital, has argued that the end is nigh for bears, not for bulls.

Bitcoin Ready to Head Back Up

The past few weeks have been extremely tumultuous for the cryptocurrency market. After Bitcoin broke its…

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