According to analysts at Bloomberg, a key price momentum indicator has reached a critical zone for Bitcoin. Does this mean that BTC has bottomed out? Bitcoin plunged more than 10 percent to a low of just above $36,000 Yesterday following the announcements from the Federal Reserve and warnings from the Russian Central Bank. Bitcoin is down more than 10% in the last 24 hours. The price even briefly touched a low of $36,100. At the time of writing, the price of 1 BTC token is around $36,300. The fact that the US federal reserve will raise interest rates and reduce support for the economy has caused enormous fear in the stocks and crypto market. This resulted in massive liquidations. More than $726 million in crypto positions have been liquidated in the past 24 hours, according to Coinglass. Bulls are responsible for over 81% of this massive volume. Right now i am bullish on a few projects like: Rise up and Spores. Im very glad I've found them. DYOR!
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