Tuesday, August 16

A new fall in the price of Bitcoin? BTC May Fall Again Before ‘Slowly Rising,’ Warns Analyst By CoinTelegraph

© Reuters. A new fall in the price of Bitcoin? BTC May Fall Again Before ‘Rising Slowly’, Analyst Warns

(BTC) rallied to close to $ 50,000 on December 5, as traders continued to take stock of recent events.

1 hour candlestick chart for the pair (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView followed a less volatile BTC / USD as it rose to $ 49,777 on Bitstamp before consolidating.

Fresh off a slide to $ 41,900 early Saturday, the pair leveled off as the market took in what was the latest giant deleveraging event to hit Bitcoin this year.

Read the full article on Cointelegraph

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