image credit: Vecteezy

BTC Price Update: Is It Just a Dead Cat Bounce?

July 13, 2021

The volatility of cryptocurrencies has been at the centre of crypto discussions this year with the market even shocking experts. From the record high Bitcoin achieved of over $64,000 to raise the market capitalization to $2 trillion, to the price crashing to below $30,000, the extreme volatility came as a shock to many.

Recently, Bitcoin has been struggling amid the mining regulations in China. A slight price rally saw it get above the $35,000 resistance level but it was short-lived and woes continue. Bitcoin currently trades at $33,361 as bulls try to push it high again.

Has BTC been Over Bought?