New Price Data Suggests Bitcoin Could Be About To Make A Major Move

Bitcoin, as well as the wider cryptocurrency market, has been struggling to keep its head above water for the last few months after the bitcoin price took a huge leap downwards in November last year. New data, first reported by financial newswire Bloomberg, now suggests bitcoin could be in for further pain after five weekly bitcoin price declines in a row, with the cryptocurrency’s trading range at its narrowest since October—which last year heralded its sudden fall from over $6,000 to around $3,500 in a matter of days. The latest worrying bitcoin price technical analysis follows a warning from the chief executive of blockchain company Civic that crypto winter, which the long-running bitcoin bear market has been branded, could go "nuclear" if the bitcoin price falls much further.

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