The rapid slide in Bitcoin (BTC) prices led to more talks of calling the bottom on the most recent downward trend. Jacob Canfield, a leading Tradingview bitcoin analyst, believes $5,500 will be as far as the asset falls. 


Bitcoin Slid Under $6,900, Signalling Downward Pressures

Bitcoin price fell by 4.31% in the past day, sinking to $6,839.01, with strong downward pressures. BTC once again stepped back from the $7,500 tier from just a couple of weeks ago, sinking to lower support levels. Now, the trend is expected to continue, with the potential of bottoming out at $5,500.

Bitcoin price, however, is still capable of short-term volatility and bounces, as reaching a certain price remains unpredictable. Bitcoin gains price discovery…

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Source: https://thebitcoinnews.com/bitcoin-bottom-at-5500-says-top-tradingview-analyst/