From last week the Bitcoin is at the bearish stage there is no good news about the bitcoin so, it may fluctuate the market day by day its price is diminishing down, till now the BTC has lost 2.4% on a daily basis amid resumed sell-off. The UK created a task force to investigate crypto opportunities.
Today bitcoin has been settled below $ 7,000 after 8K in short recovery attempt. The digital coin No.1 and touched $7,164 on Monday from last week nearly 7,500, but 50-SMA (1-hour chart) effectively capped the upside. The BTC has shed $20B in just 7 days sell-off triggered by forced position liquidation on OKEx. It’s a great downfall in last 7 days so high that it gets down day by day but this Monday the price has gone 2.3% lower since this time as compared to last week. Currently, a single Bitcoin is changing hands at $6,930.
Barclays investigated cryptocurrency market opportunities, but the news seems to have fallen deaf ears, as the traders are buying and selling Bitcoins despite some signals of institutional adoption.
For current business exploring the crypto so that it may get engaged a UK lender created team in exploring the crypto and it is the means to integrate the digital asset trading desk in their current business.
“The investment in Bitcoin is very good as it’s low its good to buy but then when it raises its price you can sell them all and can be a billionaire”.
What do you people think is the price will go more down or will rise up all of sudden?