Bitcoin Price Prediction: BTC Drops 3% In Latest Crypto Market Correction As Investors Flock To This ICO Offering Free Bitcoin
The Bitcoin price dropped more than 3% in the last 24 hours to trade at $92,298.35 as of 10:45 p.m. EST as investors decrease their exposure to the leading crypto. The retracement by the BTC price coincides with a broader crypto market correction that has seen the digital asset space’s capitalization plunge over 4% in the last 24 hours. During this period, Bitcoin also briefly dropped below $91K to as low as $90,924.90. Bitcoin Price Resting On A Key Support 4-hour chart for BTC/USDT (Source: TradingView ) The Bitcoin price is hovering above a support at $90,884.93. Should the largest crypto by market cap fall below this price point in the coming few hours, it could be exposed to the risk of plunging down to the subsequent support at $88,444.73 in the short term. On the other hand, the Bitcoin price managing to stay above the $90,884.93 mark for the next 8 hours might be seen as a positive sign. Traders will likely start to buy into the crypto market leader. This cou...