Bitcoin (BTC) Drop below $5,000 Seen as Probable Scenario

Bitcoin (BTC) has started the week with a sudden sell-off, its value tanking once again by hundreds of dollars. A recent tranche of Tether (USDT) liquidity had helped sustain BTC prices around $5,500 for a few days, but they resumed their slide on Monday, falling rapidly after 8:00 UTC.

BTC went down to $5,324.87, making even more realistic predictions of yearly lows of under $5,000. Projections include a tumble to $3,500 and even a return to $1,000 levels.

Instead of enjoying a year-end rally, BTC is underwater compared to November 2017. Back then, it peaked at $8,101.91 on this day and b…

This article appeared first on Cryptovest

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