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Bitcoin Price Prediction: BTC/USD Is Likely to Face Deeper Correction if Bulls Fail to Resume Upside Momentum above $18,000 High

insidebitcoins.com

Bitcoin (BTC) Price Prediction – November 29, 2020 On November 26, the BTC/USD price plunged to $16,400 and it corrected above $17,000. BTC price will have a deeper correction as the case in 2017 if the bulls fail to resume upside momentum.

For example, BTC price had dropped by more than 30% in the bull market of 2017 when BTC rallied to $20,000. He said: “Bitcoin’s bull and bear cycles are functions of generic human psychology, attention spans, and its deterministic and diminishing issuance”.

Read in Full: insidebitcoins.com
Bitcoin BTC
$ 70237.8

Timeline of Bitcoin

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Bitcoin Bitcoin
70275.1000 -0.63%
Ethereum Ethereum
3558.07000 -0.72%
BNB BNB
618.598000 5.32%
Solana Solana
186.076000 0.00%
XRP XRP
0.62745100 0.84%