Bitcoin (BTC) Falls Back Below $8,000, Ominous Predictions of New Lows
(BTC) deepened its crash in the early hours of September 30, setting up to achieve one of the worst quarters since 2014. The loss in the past three months may expand to around 30%, wiping out positions since BTC traded at $12,050 in July.
BTC fell to $7,898.57 starting around 5:00 UTC, after holding above the $8,000 mark for a while. The recent crash from $10,000 is not over, it seems, renewing discussions of when bottom prices would be reached.
The BTC fear and greed index grew from a low of 12, at Extreme Fear, to current levels of 27, still signifying a lack of greed and possible bearish attitudes. This time, BTC prices fell on diminished volumes of $13 billion’s equivalent in 24 hours.
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