Is Bitcoin Price Bottoming or Building for a Deeper Drop to $30,000?

The post Is Bitcoin Price Bottoming or Building for a Deeper Drop to $30,000? appeared first on Coinpedia Fintech News

Bitcoin is holding above its 200-week moving average for another week, a level that has historically separated bull markets from extended bear markets. The question now dominating analyst discussion is whether the recen t drop to $59,000 was the cycle low or simply a temporary stop before a deeper decline toward $30,000 to $40,000. Why …