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Bitcoin tests traders' nerves as analyst reissues $400K BTC price forecast
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Bitcoin (BTC) was on repeat Dec. 2 as markets watched another attack on $60,000 end in defeat.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD back at $57,000 Thursday, having come full circle in 24 hours.
The pair had briefly hit $59,000 into the Wall St. open the day prior, this failing to hold as another round of macro triggers skewed sentiment to the downside once more.
Bitcoin thus fell in line with stocks reacting, it seemed, to continued concern over the new Coronavirus omicron variant. The S&P 500 ended the day down 1.2%.
With a sense of frustration pervading crypto markets, analysts took the opportunity to reassert a longer-range perspective.
“It's very simple. Below $60K I've remained cautious/bearish as I'd like to
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