Will Bitcoin's price drop below $50000 anytime soon?

ambcrypto.com
3 min read
fairly difficult
With Bitcoin trading above $56,000, retail traders may be thinking that they have missed the opportunity of buying below $50000 when the price was low relative to the massive price surges the king coin has attracted this market cycle. Hitting a $1 Trillion valuation has increased institutional inflow into Bitcoin and top altcoins. At this […]
With Bitcoin trading above $56,000, retail traders may be thinking that they have missed the opportunity of buying below $50000 when the price was low relative to the massive price surges the king coin has attracted this market cycle. Hitting a $1 Trillion valuation has increased institutional inflow into Bitcoin and top altcoins. At this point, as open interest and trade volume continue to peak for Bitcoin futures across derivatives exchanges, there is a fear that a price correction below $50000 may cause a slew of liquidations and have a long-term negative impact on the price.

The current Bitcoin bull run is different from the previous ones in many ways, however, this does not ensure that there won't be a correction. Neither does it ensure that the combined market capitalization of Bitcoin and altcoins…
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