Bitcoin Weekly Roundup: BTC In Pivotal Spot After This Week’s 20% Decline

BITCOIN IN A PIVOTAL SPOT AFTER RECENT 20% DECLINE IN PRICE Last week on Sunday when the most recent article on BTC (BTC/USDT) was published on cryptodaily.co.uk, Bitcoin was fighting hard around the $64k mark to stay above that crucial level of support, which was where the April’s ATH had been set as well. We also briefly mentioned that an overly optimistic or simply greedy sentiment of the cryptomarket had been standing out as one of the clear red flags along with the fact that there had been no proper correction for nearly two whole months, precisely since the 7th of September when ,mainly due to the China Evergrande FUD, the BTC’s price declined as deep as by 25% within the following two weeks.What’s more, since the very beginning of this ongoing bull-run that started on the 21st of this past July, the largest crypto by market capitalization ($1.1B, down 11% in the last seven days; current domination at 40.3%) had seen only that one single serious pullback that we’ve just talked about.