Bitcoin Price Plunges To 1-Month Low: What Happens Next?
Posted On December 20, 2024
Bitcoin’s (CRYPTO: BTC) dip to as low as $92,805 is the lowest price since Nov. 26, when the apex crypto last traded below $91,000.
Cryptocurrency traders and analysts alike are speculating whether Bitcoin has found a bottom at these prices or is to sink further.
Trader Notes: Altcoin Sherpa, a well-known trader, predicts Bitcoin will find a relative bottom soon but warns of further downside before any potential reversal.
In a post on X on Friday, he advised his followers to “bid the next move down” and to monitor low time frames, cautioning that a quick V-shaped recovery is unlikely.
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