RATE Group | Without a Push Above $8,000, Bitcoin Likely to End Year on a Bearish Note
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Without a Push Above $8,000, Bitcoin Likely to End Year on a Bearish Note

03 Dec Without a Push Above $8,000, Bitcoin Likely to End Year on a Bearish Note

Posted at 20:34h in Bitcoin News by

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2019 has been a rough year for the crypto markets, with Bitcoin’s price action and the overall industry development gravely disappointing investors. BTC is poised to end the year up significantly from where it ended last year, but it does remain in a precarious position.

It is also important to note that one analyst is claiming that there is currently a key price level that Bitcoin must end the year above if it is to incur any further gains, and it does appear that BTC is likely to end 2019 on a bearish note.

The End of the Year is Historically a Volatile Time for Bitcoin 

Currently, Bitcoin is trading up marginally at its current price of $7,350, and it has incurred significantly bearish momentum over the past few weeks after retracing all of the gains that were incurred in late-October when it surged to highs of $10,600.

Although there is still a month left in 2019, the present lack of any bullish momentum likely signals that BTC will end the year on a slightly bearish note.

There…

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