Bitcoin’s 20% price drop from 2 weeks ago has led some traders and analysts to believe that the price will drop below $5K before the end of 2020. The cryptocurrency has recovered from the price drop and gained 4.73% in the past 24 hours and is now trading at $8,586. The price hike took place within a few hours on October 9, 2019, and experts have predicted that this could be temporary. Once the sell-off increases pressure on the cryptocurrency, the price may fall to the $7-7.5K level. There are some possible causes of Bitcoin’s fall and in this article, we’ll discuss some of them.[Content protected for Crypto Trader Pro - Monthly, Crypto Trader Pro - Yearly, Crypto Trader Pro (Lite) members only]
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