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Why Bitcoin Could Still Hit $100K This Year
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Bitcoin has had a miserable couple of months since hitting a new all-time high this year. The asset recently broke the $30K resistance level last week and fell down to $28K. Before promptly recovering back up over $30K and trending upwards towards $34K.
This is a critical resistance point for bitcoin. Breaking this price could be the beginning of a bear market. Speculations are that Bitcoin could go as low as $10K if the price breaks $30K.
Bitcoin Price Movements
Historically, there has always been a big dip before Bitcoin rallies. The price usually stays within a certain price range for a period of time. Fluctuating slightly between up and down. But never making any substantial movement. After that, the ensuing rally takes the coin usually to a new all-time high.
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