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Bitcoin could double its price if it maintains a crucial short-term support, says analyst
The recent drop does not threaten Bitcoin's bullish market, which could reach 220,000 dollars if it maintains a crucial support level, according to an analyst from Crypto Investidor.
Recent correction of Bitcoin does not threaten the current bullish cycle of cryptocurrencies, as long as the price of Bitcoin stays above the support of 112,800 dollars, says Diego Consimo, CEO and founder of Crypto Investidor.
ended the week with a decline of 1.5% on Sunday, August 17, three days after setting a new all-time high above 124,000 dollars.