Bitcoin (Btc) Experiences Sharp Decline In The Last Minutes! Here's What Happened...
- Posted on October 28, 2023 12:39 AM
- Cryipto News
- 187 Views
The leading cryptocurrency Bitcoin (BTC) is currently facing selling pressure today. With the declines in BTC, altcoins are also starting to lose value.
Bitcoin reached $34,134 at 18:44 (UTC) today and peaked. After this rise, BTC gradually started to decline, and in the last few minutes, it faced a sudden bearish trend.
Within the last 2 hours, BTC experienced a 2% decline from $34,134 to $33,352. By 20:07 (UTC), it made all cryptocurrency investors worried.
Bitcoin, which dropped from $33,822 to $33,352 in just 1 minute, seems to have liquidated long position investors.
What Will Happen to BTC and Altcoins in the Coming Hours? Although Bitcoin experienced a sudden drop to $33,352, it quickly rebounded to $33,700 due to buying pressure in the market.
Bitcoin (BTC) is expected to face selling pressure unless it regains $34,000 in the coming hours.
Altcoins, which have been experiencing a decline in the last few hours due to Bitcoin's drop, may have a hard time rising if BTC cannot surpass $34,000.