Bitcoin Price Drop – Where Is the Bottom?

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Bitcoin's price is down 8.5% in 24 hours, and breaching the 200-day SMA puts the BTC price at risk of a deeper correction.

Bitcoin price has declined by more than 8.5% over the last 24 hours days after rallying to $95,000 on Sunday, March 2.

Bitcoin’s price drop coincides with a marketwide drawdown fueled by the implementation of trade tariffs imposed by US President Donald Trump’s administration on imports from Mexico, Canada and China. 


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