Bitcoin Price Drops $42k As New Rejection Focuses On Worst Case Scenario.

Bitcoin Price Drops $42k As New Rejection Focuses On Worst Case Scenario.

2021-09-29 | Robin Williams

Bitcoin Price Drops $42k As New Rejection Focuses On Worst Case Scenario.

The price of the leading cryptocurrency, Bitcoin (BTC) fell below $42k on Tuesday, September 28 as the cryptocurrency worsened in a single day. Bitcoin bulls run out of steam at $44,000 – Data from Coinmarketcap and Trading View revealed BTC/USD reaching regional lows of $41,670 on Bit stamp. Bitcoin Price Drops $42k As New Rejection Focuses On Worst Case Scenario. The fall followed a $1’000 per hour loss late Monday, which strongly stopped any bullish hopes from the weekend’s high of $44,400. The turn-around was broadly anticipated As Coin telegraph reported, experts were currently considering levels even listed below $40,000 as possible floorings.    Earlier on Monday, one trader similarly declined to think Bitcoin’s strength entering into the brand-new week, arguing that levels above $44,000 were just a liquidity grab prior to heading lower once again. With 2 days left till the monthly close, on the other hand, attention was on $43,000 as the “worst-case scenario” for BTC/USD  to end up September.  PlanB, the expert who properly forecasted the $47,000 “worst case” for August, similarly imagines October closing on a minimum of $63,000.

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