Bitcoin Trending Lower With Possible Break of $30K Support


Bitcoin Sees Bull Market Drawdown, BTC Price May Stay At $30K “For A While”: Report

According to a report by Cointelegraph, the price of Bitcoin (CRYPTO: BTC) has been falling since May. Its value has shrunk by half since its April peak of $63,745. Analytics service Ecoinometrics, in its recent tweet, has said that this year’s correction from its all-time highs is the second-longest in the bull market history. So bitcoin price may stay in the range of $30,000 for a while. In May, the price of bitcoin plummeted after Tesla Inc (NASDAQ: TSLA) owner Elon Musk said that Tesla would