Stock Groups

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


© 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

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, indexes or futures. The prices for Forex and CFDs are not supplied by exchanges. Instead, they are provided by market makers. As such, the prices might not reflect market conditions and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.