Saturday, February 24

Bitcoin Falls to $36,000, Traders Say Bulls Need a ‘Hail Mary’ to Avoid a Bear Market By Cointelegraph

Bitcoin Falls to $36,000, Traders Say Bulls Need a ‘Hail Mary’ to Avoid a Bear Market

The price of (BTC) continues to fall and the ripple effect is an even steeper correction in altcoins and DeFi tokens. At the time of writing, the price of BTC has sunk to its lowest level in 6 months and most analysts are not optimistic about an immediate turnaround.

Data from Cointelegraph Markets Pro and TradingView shows that a selloff that started late on Jan. 20 continued through midday Friday when BTC hit a low of $36,600.

T pair 1-day chart. Source: TradingView Here is a record of what analysts have to say about the current downturn and what may be in store for the coming weeks.

Read the full article on Cointelegraph

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