Bitcoin Crashes to $7.3k; Plunge Below $6k Looks Possible

Bitcoin (BTC) News

The price momentum of Bitcoin (BTC) has been quite impressive. In the last year’s price movement, Bitcoin was spotted escalating to $13,000 within the second quarter. This year, the coin touched $10,200 within the 45 days of the beginning. However, the later days brought heavy plunge, and the same hanged around till today.

Bitcoin price has touched $7,300 and made a new 30-days low price record. The improvement in the coin is long-awaited by the traders, but it seems that the investors might have to wait for some more time. The intraday movement in Bitcoin looks bearish, and the closing might have a considerable loss.

Bitcoin Price Forecasts

Bitcoin (BTC) Price News

In the first hour of February 13, BTC/USD was at $10,352, and in the next four days, the price dribbled to $9,506 by 8.08% fall. The following days brought an escalation in the price. The counters moved to $10,252 by 7.84% on February 19, and in the next two days, the price of Bitcoin slipped to $9,497 by 7.29% drop. The currency jumped to $10,021 on February 24 but couldn’t hold itself at the level and dropped to $8,504 in the next 4 days. Later, the BTC price hovered around the same and closed the month.

In the first 4 days of March, the price moved from $8,558 to $9,113 by 6.48%. The price locked itself around the same level till March 07. Later, Bitcoin took a steep fall, and in the next two days, the price counter stroked $7,750. The coin improved in the later days and locked itself around $8,000, and in the next few days, BTC price dribbled to $7,388 by 9.35%. The current price has violated the immediate support level at $7,719 and the next support level at $7,527 and the major support level at $7411. And as per the current momentum, it may fall tremendously in the upcoming hours and touch $6k level.

Lori Gilbert

Lori Gilbert is a tech enthusiast and an early crypto investor, she has been trading BTC for years now and believes the crypto space hasn’t seen real highs yet. She is always looking at new upcoming growth in bitcoin and crypto revolution.

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