Bitcoin has undergone a strong retracement since the local highs set last week and the year-to-date highs set weeks earlier. At the lows earlier today, BTC was around 25% below the year-to-date highs. Analysts are worried that Bitcoin has room to fall despite dropping 25% within the span of a few weeks. There are a number of reasons, though, why the cryptocurrency might be soon reaching a bottom. #1: Bitcoin’s Selling Pressure Has Subsided Bitcoin […]
