finbold.com
On Tuesday, November 26, Bitcoin (BTC) yet again demonstrated a timeless truth to the saying that ‘pride comes before the fall.’
Indeed, after making a remarkable climb from about $68,000 on November 5 to November 22 highs above $99,000, BTC has entered a period of volatility and decline.
Following a brush with a collapse over the weekend, the world’s premier cryptocurrency almost reclaimed $99,000 on Monday but again plunged one day later to its press time price of $92,146, down 5.6% in the last 24 hours.
Amidst the turmoil, the prominent cryptocurrency analyst Ali Martinez issued a dire warning: Bitcoin is in danger of an even greater collapse to $85,610 should it fail to keep the critical support level at $91,583.
In total, even with the current slump, the world’s premier cryptocurrency remains 124.22% in the green in the year-to-date (YTD) chart.
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