Bitcoin’s Struggle Continues: Volatility Feeds Uncertainty Amid Crucial Developments

The king of cryptocurrencies, Bitcoin, saw a sharp rise above $27,050 due to strong purchases on derivative and spot exchanges during evening hours. However, the price couldn’t linger there for long. The swift drop due to profit sales was the result of excessive volatility. While movements exceeding $700 intervals are relatively positive, short-term traders using these intervals for profit feeds current ambiguity regarding the direction. Bitcoin (BTC) Comment Forecast Remember the decline experienced in 2022. The price must not lose the $30,000 support, we’ve heard comments such as “it should test but rebound” for every support region. In this way, BTC price experienced a slow yet steady decline down to $15,500. In bull markets, the opposite happens. Investors expecting that the price will fail to overcome resistance zones constantly await a drop, yet BTC continues on its path by making higher lows. If we are in the last stages of […] The post Bitcoin’s Struggle Continues: Volatility Feeds Uncertainty Amid Crucial Developments appeared first on COINTURK NEWS.