Bears intend to pin Bitcoin price below $43K until Friday’s $700M
© Reuters.
(BTC) has been trading in a descending pattern since the strong $53,000 rejection that occurred on Sept. 7, and the $3.4 billion futures contracts liquidation along with China’s ban on crypto trading appear to have severely impacted traders’ morale.
Adding to the negative sentiment, major crypto exchanges like Binance and Huobi halted some services in mainland China, and some of the largest mining pools, like Sparkpool and BeePool were forced to shut down completely.
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Read More: Bears intend to pin Bitcoin price below $43K until Friday’s $700M