Today news
About the same in other media
Can analysts maintain ‘$100,000 in 2021’ prediction for Bitcoin, after weekend slump
Reading now: 247
ambcrypto.comBitcoin is back up above the $50,000 level after a recent slump over the weekend. Could the steep correction be a possible roadblock in its $100k year-end price prediction?
Ballet Crypto CEO Bobby Lee recently told Bloomberg that the market is still in a bull cycle, adding,
“We’re still in it and of course within the bull cycle we do have corrections…”
Going forward, he also predicted that Bitcoin is unlikely to go below $40,000 until its “peak out later in the bull market.” And the reason he believes that the current cycle is yet to see a peak is the fact that the BTC price has not doubled over a few days or even two weeks.
Further, talking about the weekend mayhem, Lee blamed the sharp correction on some “greedy Bitcoin traders”. He
Read more on ambcrypto.comAbout this in other media
MetaVisa Hero Assembly NFT USD 100,000 Airdrop Event cryptonews.com /2 years ago
Analyst lists 21 factors calling for Bitcoin price upside — But just 4 bearish signals cointelegraph.com /2 years ago
Look out below! Analysts eye $40K Bitcoin price after today’s dip to $45.7K 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.
