Bitcoin price prediction: rising wedge points to a drop to $42,500

The Bitcoin (BTC/USD) price tumbled in the overnight session as sentiment in the industry deteriorated. The coin fell to $46,313, which was substantially lower than this week’s high of more than $50,000. This decline brings its total market capitalization to more than $879 billion.  Bitcoin rally fades Bitcoin price rallied to more than $50,000 last […] The post Bitcoin price prediction: rising wedge points to a drop to $42,500 appeared first on Invezz.