While Bitcoin is seeing a significant drop over the past seven days, down more than 5%, the major cryptocurrency is almost flat over the past 30 days at press time.
The fresh decline in the market is considered by some analysts to expose Bitcoin to a potential return to $7,400, as Cointelegraph reported today.
In contrast, other analysts suggested that Bitcoin’s recent trading into a falling wedge is typically a bullish pattern that has a success rate of breaking to the upside in around 68% of cases.
Last week, the CEO and co-founder of Distributed Lab claimed that Bitcoin price could “crash to zero” in the event of mass adoption by institutions. Read More...