Volume of Crypto is Dropping, is Bitcoin Headed Below $3,000?

In the last 48 hours, the volume of the crypto market has dropped from $15 billion to $13 billion as the Bitcoin price fell below the $3,600 mark. Analysts have started to demonstrate concerns regarding the declining volume of digital assets and the potential scenario of cryptocurrencies free falling without significant sell pressure from bears. Is $3,000 Inevitable For Bitcoin? Generally, traders in the crypto market expect a lackluster year with low volatility, at least until cryptocurrencies escape the last stage of a 12-month-long bear market and initiate a strong accumulation phase. In the short-term, however, many traders envision most cryptocurrencies including Bitcoin testing key support levels in a low price range. A cryptocurrency trader Josh Rager wrote: As the volume continues to slowly descend Bitcoin could see more sideways ranging This could last for days or weeks until a decrease in buyers, currently holding up the market, at these…

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