RATE Group | Bitcoin Price Seemingly Heads Toward $7,000 as Bearish Sentiment Worsens – The Merkle
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Bitcoin Price Seemingly Heads Toward $7,000 as Bearish Sentiment Worsens – The Merkle

27 May Bitcoin Price Seemingly Heads Toward $7,000 as Bearish Sentiment Worsens – The Merkle

Posted at 14:01h in Bitcoin News by

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Not much has changed in favor of the cryptocurrencies over the past 24 hours. Every minor gain made yesterday has effectively been turned into a net loss once again. All currencies continue to follow the Bitcoin price in this regard, as BTC struggles to remain above $7,300.

Bitcoin Price Dip Isn’t Over yet

It is evident there is still plenty of negative pressure on all of the cryptocurrency markets today. This is all tightly correlated to how manipulators and speculators continue to push the Bitcoin price down for quite some time now. It is not necessarily a good thing by any means, but this trouble situation has been in place for quite some time now. It seems there will be no change in the Bitcoin price anytime soon either.

More specifically, there was some brief positive momentum last night. With the Bitcoin price rising above $7,500 again, most people assumed the bearish pressure was finally relenting. As is usually the case, that was just a brief uptrend which…

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