Bitcoin Plunges Towards $11,000 as Bull Trend Reverses; Factors & Trends Behind This Move4.6

Bitcoin and the aggregated crypto markets have continued to extend the downwards movement that they incurred yesterday, and BTC is now approaching its next region of psychological importance that exists around $11,000.

Although some bulls may believe that this downwards move could simply be a flash in the pan that traps bears and fuels a short squeeze, one prominent analyst is now explaining that this move could persist for the rest of 2019.

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