RATE Group | Bitcoin News Today – Headlines for December 29
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Bitcoin News Today – Headlines for December 29

29 Dec Bitcoin News Today – Headlines for December 29

Posted at 10:13h in Bitcoin News by

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  • Analysts expect BTC price to tumble by 20 percent
  • Bitcoin’s one-week chart shows extremely bullish signals
  • Bitcoin is not in a bear market – Willy Woo

Bitcoin News Today – Bitcoin has not been at its best over the past couple of months. The digital currency has been mostly under the influence of the bears since it topped out at $14k in June. Since then, the digital currency has lost about 50 percent of its value. Nevertheless, the massive selloffs have stopped over the past couple of weeks, with the price of BTC flatlining in the low $7ks.

Analysts Expect BTC Price to Tumble by 20 Percent

Regardless of this, the sentiment around BTC is bearish. Many prominent crypto analysts recently said that they expect the price of the world’s leading digital currency by market cap to plunge by 20 percent over the next couple of weeks. However, a prominent Bitcoin (BTC) proponent and commentator – Hodlonaut – noted that the sentiment backdrop is the perfect place for the digital currency…

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