Markets Steady After Yesterday’s Plunge, Analyst Says Bitcoin Is Nearing a Buy Zone28.38

After a day of widespread losses, the cryptocurrency markets appear to have found some stability at their current levels, and one analyst believes that Bitcoin in particular is nearing a buy zone that could prove to be highly lucrative for investors.

At the time of writing, Bitcoin is trading down 4% over a 24-hour period at its current price of $4,500. Although it is down 5%, it has recovered significantly from its daily lows in the $4,200 region.

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