Bitcoin Price Close to $3,400: Where is the End of the Bearish Trend?
For the first time in 2019, Bitcoin’s (BTC) price has broken the $3,500 support level downwards laying a platform for talks and analysis of a new 12-month (annual) low in the coming days. Bitcoin has been struggling just above $3,500 for some good period of time since it corrected from a rapid increase over the $4,000 recently.
2019 World Economic Anxiety to Increase Bitcoin Demand, Price & Adoption
The latest reports show that the year 2019 will see major financial anxiety. For example, the U.S economy is anticipated to slow in 2019 and is likely to face a recession next year. Similarly, China appears to have also registered an economic slow-down within the past few months. We can’t also put aside the brewing trade war between China and U.S.