Bitcoin Price Is Plunging Down! Crypto Markets Continue to Consolidate! Can a Bullish Reversal Be Triggered?

The recent trend with Bitcoin moving between $28,000 and $32,000 for over four months has been stirring up murmurs around town as its not supporting the anticipated rise back to a mark of $30,000. Along with BTC, many of the other top virtual currencies such as Ethereum, XRP, Cardano and Litecoin have also seen a decline in their growth – which now seems to be static for the meantime. Investor sentiments are evidently lining up against this ‘Star Crypto’, as assert the readers from the particular on-chain platform by Santiment, of which support is shifting in correlation with the amount of sell volume. Further growth within the Bitcoin market is desperately needed to inspire traders with confidence, yet it can be said a glimmer of hope is beginning to show. The amount of new Bitcoin addresses daily is increasing, affirm that this revolutionary network is steadily expanding. This therefore amounts to one solidly positive factor which imparts the potential for BTC to gallop onwards in the days ahead.

Robert Wilson author
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