Today news
About the same in other media
Analysts pinpoint bull and bear scenarios as Bitcoin price dips below $56K
Reading now: 987
Cooler heads are calling for a collective deep breath and a step back to see the long-term outlook for the future of Bitcoin (BTC) price and the wider crypto market, but today's drop back under $56,000 is raising eyebrows among traders.
Data from Cointelegraph Markets Pro and TradingView shows that after starting the week near $60,000, several days of bears hammering the price of Bitcoin resulted in a revisit to $55,600.
Here’s what analysts have to say about the latest price action from Bitcoin and what to look out for in the days ahead.
A closer look at the monthly price action for Bitcoin was discussed by independent market analyst ‘Rekt Capital’, who posted the following chart showing that BTC is close to reclaiming an important monthly
Read more on cointelegraph.comAbout this in other media
One more Bitcoin price dip? BTC may fall again before 'slow grind up,' warns analyst cointelegraph.com /2 years ago
El Salvador stacks 150 Bitcoin after BTC price crashes below $50k cointelegraph.com /2 years ago
Analyst says Bitcoin is 'on sale' after BTC price dips below $54,000 cointelegraph.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
