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Volume of Crypto is Dropping, is Bitcoin Headed Below $3,000? | CCN

In the last 48 hours, the volume of the crypto market has dropped from $15 billion to $13 billion as the Bitcoin price fell below the $3,600 mark.

Analysts have started to demonstrate concerns regarding the declining volume of digital assets and the potential scenario of cryptocurrencies free falling without significant sell pressure from bears.

Is $3,000 Inevitable For Bitcoin?
Generally, traders in the crypto market expect a lackluster year with low volatility, at least until cryptocurrencies escape the last stage of a 12-month-long bear market and initiate a strong accumulation phase.

In the short-term, however, many traders envision most cryptocurrencies including Bitcoin testing key support levels in a low price range.

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Volume of Crypto is Dropping, is Bitcoin Headed Below $3,000?.