Bitcoin News

Bitcoin (BTC) Falls Back Below $8,000, Ominous Predictions of New Lows

 Bitcoin (BTC) Falls Back Below $8,000, Ominous Predictions of New Lows
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.

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

View original post

Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button