Probable Risks in Second Half
Bitcoin price has entered the second half of the year with the same level of volatility that it exhibited in the second quarter. Since late June, it has been wavering between $32,000 and $36,000. Indeed, high volatility is one of the risks that are likely to impact the crypto in the year’s second half.
At the same time, regulatory issues may continue to exert pressure on Bitcoin price. On the one hand, the Chinese crackdown may be a good thing for the crypto industry as it would enhance its status as a decentralized currency. However, with further warnings coming from other regions such as the US and UK, investors will be keen on the extent of governments’ interference in the sector.
BTCUSD technical forecast
Bitcoin price is plummeting; erasing the weekend gains. At the time of writing, the largest cryptocurrency by market capitalization was down…