Why a 30% Bitcoin price crash should not catch you off guard right now

Cointelegraph

Published Nov 09, 2020 09:03AM ET

Updated Nov 10, 2020 11:20AM ET

The Bitcoin (BTC) price rally halted the moment Joe Biden was announced as the projected winner of the 2020 United States presidential election during the weekend, with the price dropping from $15,500 to $14,400.

However, Bitcoin is still continuously showing strength as it’s once again facing the final resistance zone at $16,000.

BTC/USD 1-week chart. Source: TradingView
Bitcoin dominance 1-week chart. Source: TradingView
BTC/USD 1-week chart. Source: TradingView

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