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Bitcoin Price Falls Again as Crypto Market Faces Bearish Position -Breaking

by Mike Robinson

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© Reuters. Bitcoin price falls again as crypto market faces bearish position
  • Prices plummet again
  • Crypto market in bearish mode
  • BTC prices are at $43,058.30

The Fear of Uncertainty (FUD) around Bitcoin’s (BTC) downward trend is not yet over. BTC prices have plunged dramatically like they never had before as bearish sentiment was taking hold.

At press time, Bitcoin’s price trades within the $43,058.30 range on CoinMarketCap. It has an estimated market capitalization exceeding $817 billion, and a 24 hour trading volume of $42.93 million. The BTC rally is creating a negative perception that Bitcoin will see an astronomical sell-off over the next few days.

According to reports, the sale-off could be possible in case Bitcoin does not recover quickly.

To raise BTC prices, traders are believed to be able to do the job. You can make this happen by purchasing more bitcoins and not selling them.

In reality, there has been a rise in bearish sentiment around cryptocurrency lately, particularly Bitcoin. Unlike BTC’s stunning performance at the beginning of 2021, the crypto space thinks that 2022 would be starting with the same feeling.

The market is currently down 8.24% for the crypto flagship. This crypto is sinking faster than ever, showing no signs of rebound.

According to a report, Bitcoin’s technical setup showcases that there is a probability that it will further decline to remain bearish in four to five days before it recovers.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. This article is not intended to be used as investment advice. CoinQuora urges users to conduct their own research prior to investing in cryptocurrency.

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Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values 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.

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