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In the midst of frequent fluctuations in Bitcoin price, the current market cycle is yet to reach its delta range. In the recent weeks, Bitcoin price has one multiple occasions crisscrossed the $20,000 range. The $20,000 level is an important factor in the psychological point of view. In this context, it remains to be seen if BTC price would see a new low in this cycle marred by bear market environment.
Bitcoin (BTC) Delta Price Level
A close look at the Bitcoin price pattern in recent times shows there is a chance of further price drop. According to Crypto Quant data, BTC is forming a descending triangle pattern currently. This pattern is generally followed by a price breakdown and loss of existing support level. In addition, the
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