Bitcoin Drops 15 % as Analysts say rally overstretched
Bitcoin |
Analysts are mixed o how low bitcoin might go if bigger pullback is seen.
Bitcoin swiftly lost altitude early in morning on Monday, dropping over 155 to below $50000 before rebounding slightly .the downward price movement cues after bitcoin reached new record highs above $58300 over the weekend.
the top cryptocurrency by market by value rebound to above $51000 as 14;30utc.represting a roughly 11% drop over 24hours, according to WazirX data.
the pullback could be extended further, as the recent rally looked overstretched, according to market.
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