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Bitcoin Dips Closer to $40k, Will Panic-Selling Ensue? By CoinQuora

by Mike Robinson

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© Reuters. Bitcoin Drops closer to $40k. Can Panic-Selling Endure?
  • The price of is dipping closer to $40,000.
  • Is panic-selling causing a bigger drop?
  • Longtime hodlers will not back down and await Bitcoin reaching $100,000.

Tensions are high as we approach the end of the third quarter in 2021. Analysts predict that Bitcoin’s price will rise to more than $100,000 this year. The crypto market seems to not be meeting this expectation.

Bitcoin currently trades at $42,616.30. It is a significant drop from the $52,774.41 it was just two weeks prior. It doesn’t look good as Bitcoin’s last ATH was $64,863.71.

Analysts predicted that there would be a few significant drops before Bitcoin reaches $100,000. In fact, one analyst said exactly this — the price will go up to reach the $50,000 mark and then…

Continue reading on CoinQuora

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