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Home Bitcoin

Drop to $10,100 Returns Bitcoin to $9750

by Olayode Yusuff
February 14, 2020
in Bitcoin, Business, Cryptocurrency, Finance
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As the cryptocurrency market makes investors shiver due to the dwindling nature of Bitcoin price, analysts are weighing in on the crypto market situation to make observers aware of the next Bitcoin move.

This time, popular cryptocurrency analyst Crypto Michael has shown concern for Bitcoin trend, opinionating that if digital currency BTC moves to $10,100, chances are high that it drops drastically to $9,750.

The cryptocurrency expert made the assertion seeing that Bitcoin is trading around $10,140 having fallen from its previous point of $10400. However, he said the movement is still healthy for the Bitcoin market.

$BTC #BITCOIN

Still the same view on this one. I think that we'll drop to $9,750 if we lose $10,100.

Overall I'd say that it's still healthy and some consolidation will be good before continuation. pic.twitter.com/vsE0bn3Okk

— Crypto Michaël (@CryptoMichNL) February 14, 2020

Crypto Rand Disagrees, Says Present Market Situation Mere distraction

Crypto Rand, as market observers begins to panic informed that the present market situation is a big distraction for those willing to hold their asset till Bitcoin reaches $100,000.

He noted that price movement under $20,000 is keeping investors away from holding till $100,000 comes.

“Price movements under $20,000 have only been a distraction to shake you out before $100,000 Bitcoin,” Crypto Rand observes.

Price movements under $20,000 have only been a distraction to shake you out before $100,000 #Bitcoin

— Crypto Rand (@crypto_rand) February 14, 2020

Meanwhile, the cryptocurrency market is turning red at the moment, save for some digital currency that is trading in green.
XRP for example, accumulated a price growth around 8% yesterday. However, the story has changed; the digital currency is trading around $0.32 with a price loss of 1.4%.

Tags: $10000BitcoinBTC newsCrypto RandCryto michael
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Highlights

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Crypto Investor Explains Why Cardano will Soon Topple Ethereum

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Analyst Explains why Bitcoin Price Could Crash to $6,400

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PayPal Q4 Earnings Report Shows Users More Active after Buying Cryptocurrencies


NewsLogical Inc. is a U.S.-centric firm established in 2019 with the aim of providing resourceful and up-to-date cryptocurrency and blockchain information.

Email: info@newslogical.com

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Contents on NewsLogical.com are only for informational purposes and should not be construed as financial or investment advice.

Trading cryptocurrency is considered a high-risk activity that requires technical knowhow because digital currencies are generally volatile.

Contact financial experts for guidance before making any cryptocurrency investment decision.

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