Cryptocurrencies

Bitcoin Heads Toward $7,000 as Pain Returns on Gloomy Technicals

  • Drop below average price for last year could send it falling
  • Price heading for $2,800 by the end of the year, Day says
Bitcoin: What’s Coming in the Year Ahead
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Bitcoin’s in a world of painBloomberg Terminal, again.

The biggest cryptocurrency has renewed its flirtation with the $7,000 price level. The slide has helped to also send other digital assets into retreat, with Ethereum, Ripple and Litecoin all lower on Wednesday.