Crypto Market Continues Intense Sell-Off: Bitcoin Price En Route to Yearly Low?

On December 15, the Bitcoin price dropped to a new yearly low at $3,122, following a two-week sell-off from mid-November. The intense sell-off the cryptocurrency market occurred on January 10 has led the price of BTC to drop below the $3,600 mark, which may put an end to the corrective rally the market has been engaging in since December 17. Analysts See New Bitcoin Lows on the Horizon Prior to Bitcoin’s fall below the $3,600 mark, Alex Krüger, a cryptocurrency trader and global markets analyst, said that a potential fall below $3,600 could result in the price of BTC dropping to a low range between $3,000 and $3,500, He said: What a majestic dump. BTC back to my buying area of 3500-3600. Below $3,300 exit and reassess. I’d like to see BTC ending the day above $3,700. Consolidation below $3,600 (bottom of prior area) would tilt the balance towards further…

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