Bitcoin price slipped to $ 7,800
Many experts have foresaw Bitcoin's downturn as all eyes are on Golden Week * in China. However, when the Chinese return to the cryptocurrency market this week, will they decide to buy at the current bottom? Or will they continue to stand out of the game to watch the support break down?
(* Golden Week is a policy applied in China since 1999 for two important holidays: Chinese New Year and National Day (October 1). Before 2007, Chinese people also had a "Golden Week". "Tuesday is International Labor Day May 1.)
If you are interested in cryptocurrency exchanges, you can refer to:
https://vakaxa.com/vi/phat-trien-san-giao-dich-tien-dien-tu/bitcoin-today-today-about-7800-usd [1]
Overview of Bitcoin price and cryptocurrency market today (October 7).
With Bitcoin's daily price chart, the usual price range is $ 7,600 to $ 9,500. When Bitcoin is put into the sideway, the buying and selling forces will fall into equilibrium. At the same time, the market is about to have big fluctuations. Therefore, Bitcoin is best to keep a stable support level of $ 7,120 to gain momentum in the near future. If not, the market could witness a new plunge.
You can read can track Bitcoin price today right below:
Bitcoin (BTC)
$ 7,923.84 (-2.57%)
Rank
first
MCap
$ 142.45 B
Volume
$ 13.39 B
The prices fluctuates very frequent in this highly volatile currency and this time they are below $8000 and might go down as the predictions are there so its not time to discuss prices but this is oppurtunity for the investors as momentum can be shifted towards them and they can enjoy profit when the prices go high.We hope that the market hits bull run soon after the correction so HODL.