The world’s most valuable cryptocurrency Bitcoin (BTC) and other cryptos are shrinking faster than Lake Mead. The bulls have fought off an initial dip near the $25000 support, but bearish momentum persists and could continue to pressurise the cryptocurrency.
The volatility in the cryptocurrency market is expected to remain high in the coming weeks. Bitcoin (BTCUSD) slightly recovered from the early weekly losses in the last two trading sessions. As of this writing, the Bitcoin (BTC) trades above $30000.
Check out the detailed analysis here - https://gulfbrokers.com/en/bitcoin-slump-continues-potential-for-a-slide-to-20k-soon
