Why is Bitcoin value down right now?

The bullish momentum that propelled (BTC) to a 57.8% year-to-date acquire has all however vanished this week as Bitcoin value slid 9.1% previously 7-days. Bitcoin value continues to commerce beneath the 20-week exponential shifting common of $27,750, a essential degree to recapture so as to restart any semblance of bullish momentum.

The contraction in Bitcoin value has some analysts evaluating the present BTC market to the pre-bull market cycle of 2015-2017.

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