Bitcoin falls below its 10-day average for the third time this month

in CryptoDog3 years ago

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Bitcoin's strong rally lost some momentum this week, falling for a second straight day on Thursday and falling below its 10-day moving average again, the third time this month that bitcoin has fallen below its 10-day average.

As of 11:50 p.m. GMT, bitcoin's price was at $34,546, down a cumulative 8.4 percent over the past two days.

Bitcoin has been volatile of late, hitting a record high of nearly $42,000 earlier this month before quickly dropping 17 percent. The debate around bitcoin's value continues, with believers noting that industry and institutional interest in the cryptocurrency is maturing as an inflation hedge, while others argue that the resurgence of another speculative bubble will echo the 2017 bitcoin collapse.

Bitcoin could fall for a second straight week this week, which would be the first time since early October last year. However, after the last two-week decline, bitcoin had rallied for seven consecutive weeks, starting the current bull market

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I think btc fall more in next week and you should wait then buy @neki115.
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