Bitcoin Price Analysis: Will BTC Make or Break It?79.15

After completing the inverse head and shoulders formation Bitcoin price failed to pop. Does this mean the cryptocurrency has further to fall?

As the sky-high bitcon 00 predictions of $25,000, $50,000 and $60,000 continue, there seems to be a divergence between the opinions of billionaires, institutional financial analysts and bitcoin’s actual price. Last week, the explanation for the forever delayed Wall Street crypto bull run was cryptocurrencies being in a ‘healthy’ bottoming process. While this week smart money proposes that institutional investors are waiting for bitcoin to dip down to, or below $5,000 USD before the floodgates burst and billions upon trillions of dollars flow into cryptocurrencies. Or perhaps everyone is waiting on the SEC’s Bitcoin ETF decision next month?

Original source
https://bitcoinist.com/bitcoin-price-analysis-make-break/

Add comment

Please Sign in to be able to leave comments.