BTC Price Analysis: Bears $30K Plunge Picks Up Bid at Support on Bitcoin Amid China Crypto Crackdown


Source: kryptomoney.com kryptomoney.com

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Amid BTC sharp sell-off, the bears $30k plunge picks up bid further today at $32,538 and stays near intraday highs of $34,513 If BTC/USD continues to ascend, the market will be pushed until it reaches the $37,500 level China has undertaken a crypto crackdown, threatening banks and payment companies The BTC/USD pair declined from last week’s high of more than $40,000 to $28,800 hitting a fresh multi-month trading low at the support on Tuesday. Since then, Bitcoin and other cryptos have rebounded. Although it is still posting losses weekly after a bullish day while remaining beneath the $35,000 handle. Amid...