When Will Bitcoin Hit Bottom, Experts Believe its Not Very Far

Story by: Anjali Tyagi

Bitcoin is trading around $3,700 dropping below $4k support. Now, all eyes are on the support area between $3,500 and $3,000. According to experts and analysts, the bottom is now not that far away.

Crypto Winter Worsens, Bitcoin Down over 80% from ATH

At $3,730, Bitcoin is currently trading with 24-hour losses of 6.19 percent. With a market cap of $64 billion, the leading cryptocurrency is managing the daily trading volume of $6.5 billion.

Bitcoin 24-hours price chart, Source: Coinmarketcap

The ongoing crypto winter worsened on the weekend when Bitcoin dropped below $3,500 for the first time since September 2017. At the moment, Bitcoin has plunged about 81 percent from its peak in December last year.

David Puell, a crypto enthusiast who does bitcoin and market analysis shared a Twitter thread about Bitcoin bottoming.

Popular crypto trader, Eric Choe shares,

Eric Choe (Mr. Swing Trade)@CryptoChoe

Bulls are starting to show some temporary bottom strength. ”</p Facebooktwittergoogle_plusredditmailby feather

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