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,
Bulls are starting to show some temporary bottom strength. by
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