Choppy Action Ahead for Bitcoin - bitcoinprice Bitcointrading
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The $26,800 level is currently offering some support, and if it fails to hold, we could see Bitcoin drop down to $25,000. This level is significant as it is psychologically important and is likely to attract a lot of headlines.Get Started recent rate hike may have some effect on Bitcoin as well. If the US dollar strengthens, then it is likely that Bitcoin could struggle.It's worth noting that some parts of the world are currently using Bitcoin to store wealth, but this is a case-by-case basis. Ultimately, the healthiest thing for the Bitcoin market would be a short-term pullback, which would work off some of the excesses and balance out the impulsive move higher.
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