On Friday, the Bitcoin market (BTC) took its worst turn. The main cryptocurrency, as reported by this store, varied from the tank to $9,250 to $8,700 for several hours, with the bulls emitting steam.
While recessionary pressure has decreased, Bitcoin is receiving some support at $8,850 as the short-term downtrend ends, and analysts believe the cryptocurrency market is still on the ice. They claim that it may only be a matter of time, since bears push cryptography to less than $8,000, and perhaps even less.
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