10583-696558.jpg

Analysts Don’t Believe the Bitcoin Bottom is In Despite Today’s Massive Rally

Bitcoin saw some intense upwards momentum today that allowed it to rally into the $6,000 region, with this upswing coming about after an extended period of sideways trading around $5,000.


This movement came independent of the U.S. stock market – which has been firmly guiding BTC over the past several weeks – leading some to believe that the crypto is decoupling from the benchmark indices.


Although the market sentiment is growing firmly bullish, it is important to note that multiple analysts are claiming that they don’t believe the bottom is in, signaling that the crypto may see significantly further downside in the near-term.

Analysts Don’t Believe the Bitcoin Bottom is In Despite Today’s Massive Rally

Bitcoin Races Past $6,000 in Sharp Overnight Movement


At the time of writing, Bitcoin is trading up just under 20% at its current price of $6,200, which marks a notable climb from daily lows of $5,100 that were set yesterday while the crypto was caught within its firm bout of sideways trading. Read More...

12209-1021453.jpg
8373-961371.jpg
CEX-1-728x90.png