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Bitcoin below $3,000 would trigger a ‘blood bath’, says analyst | MarketWatch

What are analysts saying
“For the past few weeks, we have not seen any significant movement in the bitcoin price. We are stuck in a price range of $3183 (17 December low) to $4234 (Dec. 24 high), as long as we are not breaking out of this range, there is nothing new,” wrote Naeem Aslam, chief market analyst at Think Markets UK.

However, Aslam said that a break out of the range would provide a marked change in sentiment, with the biggest risk being another leg lower. “On the flip side, the support of $3000 is really important for us and no one wants to see the price breaking below this because that will trigger a blood bath on the street.”

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Bitcoin below $3,000 would trigger a ‘blood bath’, says analyst – MarketWatch.

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