Another Bitcoin price crash? A trader says there’s a decent probability of such a scenario
that the 2017-2019 monthly closes are an “inevitable area” for Bitcoin, the largest cryptocurrency to test. After hitting $19,666, the peak of the previous bull run, Bitcoin closed December 2017 at $13,880. The largest cryptocurrency entered a brutal bear market shortly after reaching its peak.
In 2019, Bitcoin experienced a significant rally in the first half of 2022, reaching a yearly high of $13,880 in July 2019. The rally wasn’t sustainable, and the largest cryptocurrency ended up closing that month at $10,760 before plunging lower in the following months.
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