Bloomberg Bitcoin Price Floor Around $30,000, According to Crypto Insiders (Bloomberg) — Bitcoin has been grinding lower in a trading range slightly above $30,000, encouraging cryptocurrency insiders to consider the figure as a possible floor for the virtual currency. Crypto forecasting is risky, not least because Bitcoin’s price has approximately half since its all-time high three months ago. Despite this, others in the sector are rallying around $30,000 as a support level, citing options activity and recent trading behaviors as indicators. In terms of possibilities, $30,000 is the most popular./n
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