The cryptocurrency market is in the midst of another lackluster day as Bitcoin (BTC) price dipped below $40,000 ahead of the Federal Open Market Committee (FOMC) meeting where officials intend to discuss whether interest rates should be raised or kept near zero. While many investors anticipate that BTC will soon resume its bull run and rally above $40,000, technical analysts … [Read more...] about Dip-buyers anticipate further downside after Bitcoin price falls to $38K
Downside
Bitcoin price faces downside correction after flirting with $62k
Bitcoin (BTC) price reached a new all-time high of $61,803 on 13 March 2021 Last weekend, BTC price pushed past resistance at $58,000 and $59,000 to reach the landmark $60,000 level against the US dollar. The cryptocurrency even broke above $61k to register a new all-time high of $61,883. However, although still in a bullish uptrend, Bitcoin price looks set for a short-term … [Read more...] about Bitcoin price faces downside correction after flirting with $62k