Bitcoin Could Hit $90K - But This Major Test Comes First, Analysts Say
4 Articles
4 Articles
Bitcoin jumped by more than 25% in a week and, at the time of writing this article, still revolves around the $80,000, a level more seen since mid-May. Explanations on this rebound and its limits.
Bitcoin Could Hit $90K - But This Major Test Comes First, Analysts Say
Bitcoin (BTC) slipped back below $80,000 after testing the level again, with XWIN Japan pointing to profit-taking by existing holders as a major barrier on August 26. The next move may depend less on another brief test of $80,000 and more on whether fresh demand can absorb units being sold by investors sitting on gains. Profit-Taking Puts BTC’s $80K Test Under Pressure XWIN Japan noted that nearly every Bitcoin investor group has returned to pro…
Bitcoin Could Hit $90K – But This Major Test Comes First, Analysts Say
Bitcoin (BTC) slipped back below $80,000 after testing the level again, with XWIN Japan pointing to profit-taking by existing holders as a major barrier on August 26. The next move may depend less on another brief test of $80,000 and more on whether fresh demand can absorb units being sold by...
Profit-taking at the $80,000 mark triggered a decline in the crypto market. The total market capitalization fell to $2.67 trillion, while US sanctions on Iran and the high leverage risk in Ethereum deepened the cautious atmosphere in the market.
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