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Bitcoin On The Precipice Of Another Fall

by Pragati Shrivastava
, Bitcoin On The Precipice Of Another Fall

We’re watching the market trends and charts and it appears that Bitcoin may be on the precipice of another fall. For those who want to invest long-term, this might be a great opportunity. Let’s review what’s happening.


Bitcoin is now trading below the $8,000 level and the digital currency is struggling to rise towards the top of the descending channel. However, observing the weekly chart of BTC/USD we can see that it took over a year for the price to rally, however, it took only a few hours to hit bottom. So, it takes a lot of time to build the confidence needed to help the price rally but it does not take much for the price to crash.

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