Top 3 Reasons Why Bitcoin Price Crash Will End Soon

Quick Summary:

Investors are shocked due to the quickness of the recent crash that wiped out more than $1 billion worth of positions. But these three reasons suggest that BTC crash could be coming to an end.

Bitcoin price today trades at $94,650 after dropping 12% from its all-time high (ATH) of $108,421.

This area is the lower limit of where 68% of the volume was traded between November 11 & December 11 and typically serves as an area of strong demand.

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Article Details

Author / Journalist: Akash Girimath

Category: Crypto

Markets: India

Topics: Price Analysis BTC price Bitcoin Price Analysis Bitcoin price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 11:59:10 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 554 words

Reading Time: 4 minutes read

Sentences: 45 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 24597226

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 24 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

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Publisher ID: #59

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