Will Bitcoin recover from the Crypto crash? |www.protradingafrica.co.za|
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Welcome to our LinkedIn! Leading in social trading, we share market predictions. No financial advice.
Bitcoin fell below the $27,000 (€25,000) level as the sell-off in the cryptocurrency world continues.?
The sharp drop comes after the US Bureau of Labor Statistics reported consumer prices for April were higher than expected, causing investors to sell off riskier assets such as cryptocurrencies.
The price could experience a?bullish?pullback in the short term and retest the broken $30K level.
https://www.tradingview.com/chart/BTC1!/rm1ikwYx-BTC-USD-Long/
https://www.protradingafrica.co.za/
One of the fundamental value of bitcoin is the infrastructure its built on (blockchain technology) My take is that in the long run that is a solid factor for a bullish outlook.