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 Bitcoin ripe for 'major leg down' as BTC price nears $80K — Trader Cointelegraph 10 nov 2024

Bitcoin ripe for 'major leg down' as BTC price nears $80K — Trader 📉

Bitcoin is currently undergoing price discovery, a phase where the market attempts to determine the accurate value of an asset. Despite this progression, there are still predictions from market participants about a potential sharp decline in Bitcoin's price.

The cryptocurrency has been edging closer to the $80,000 mark, prompting some traders to suspect that it might be overvalued and could experience a major downturn soon.

Fonte: cointelegraph.com ↗