It has been more than a month now and Bitcoin, the world’s largest crypto, has remained in the lower $30k to the mid $40k price band.
Amidst the death cross narrative doing the rounds, the aforementioned phrases have sort of become alienated to the community now.
Bitcoin’s price, for now, is yet to successfully sustain a breach of the $40k level.
Interestingly, all the previous sell-offs have eventually pushed Bitcoin towards the golden ratio and the price has been subject to its “magic.” Looking at the prevailing market scenario, Bitcoin has already breached the 1.618-level, as indicated by the chart.
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