Bitcoin fell below the $18,500 price level for the first time Saturday, failing to rebound back to the $20,000 to $23,000 range it had been steadily trading at last week.
The price drop of bitcoin also marks the breach of a significant price level – namely, bitcoin’s all-time high from the previous crypto cycle. Some crypto traders have theorized that bitcoin would not fall below its previous cycle’s highs, a theory that held during the 2018 drawdown, but has now been disproven for the current cycle.
During the 2013-2014 cycle, bitcoin reached an all-time high of $1,127 at the time, a level that the cryptocurrency successfully defended during its 2018 drawdown.
0x_bae $9k coming tomorrow morning 5am
0x_bae uieres ganar riqueza trabajando en línea?
0x_bae I'm not surprised bcz that's what I said before.
0x_bae We are paying the price for the statements of the reckless who have made the market a place for gambling.
0x_bae I was alerted to this very high risk, due to the constant inflating, unfortunately, the price of Bitcoin has been inflated thousands of times especially out of logic over the last two years.
0x_bae A fun fact is that BTC can't go to $0. It's like saying blockchaintechnology will stop growing I mean that is impossible when projects like OneAnalog are creating ways to improve the blockchain in their own way (Timechain). So its technically impossible. lol
0x_bae It will fall to 17k..
0x_bae Where are Stock to flow model clowns🤡 ?
0x_bae Now it costs 18k
0x_bae
0x_bae Bro its 17k
0x_bae Use it before it's too late
0x_bae Hows crypto Dubai this weekend?
0x_bae Continue DCAing 🌊☀️
0x_bae Might wanna click refresh to see what’s the price now 👀
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheBlock__ - 🏆 464. / 53 Read more »