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Bitcoin Price Expected To Slump Towards $8k Despite Fresh Gains

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Bitcoin’s price may have regained in the past 48 hours after its dip to $9,855 on August 16, 2019. However, some crypto analysts are still bearish at the moment. They have taken a look at short-term charts and predicted that Bitcoin might not maintain its footing above the $10,000 zone which it is presently. In their opinion, there’s even a better chance for Bitcoin to retrace to the $8,000 level in the short term.

Bitcoin Maintains Foothold at $10,000 Zone

At the time of press, Bitcoin is trading at $10,420 and has regained 2.83% in the past 24 hours. ...

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