Bitcoin Price Analysis

BTC has now broken down below the $7,000 level, which could be a legitimate sign of concerns for investors right now. However, there are some recent developments that we need to consider before making our next moves:

India is looking to crack down on cryptocurrency
Major banks around the world have placed bans on credit card purchases of Bitcoin
The stock market just experienced its worst week in two years
The Federal Reserve may look to hike interest rates once again

What this means: There is a market-wide panic that might have started a cryptocurrency sell-off, …

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