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Bitcoin Might Never Trade Below $43,000 Again
Despite the recent price action that has emboldened the bears, it’s difficult to imagine a scenario where Bitcoin (BTC) would trade below its current level of around $43,000. As reported by U.Today, business intelligence firm MicroStrategy recently announced its 10th consecutive Bitcoin purchase, which has positively impacted sentiment.
However, it has been nearly a month since Bitcoin reached its all-time high of $108,135 on Dec. 17. It’s worth noting that the cryptocurrency market is notoriously unpredictable, and even the most seasoned experts can’t always predict future price movements.
Nonetheless, considering the current state of affairs, it would be surprising to see a significant drop below this threshold. The recent announcement by MicroStrategy has undoubtedly given bulls a boost, reinforcing their confidence in Bitcoin’s long-term potential.
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Source: u.today
