Bitcoin begins another trading week suspiciously calm, with weekend volatility next to nothing and the same $9,000 support remaining untested.
-
-
MARKETS REPORT Trader says Bitcoin will copy history to fall lower before potential all-time high
Historical precedent says Bitcoin should drop before starting a new rally, which could top $20,000
Bitcoin needs a “pullback” before heading higher towards $10,000, historical data suggests as BTC/USD tests $9,000 support.
-
With coronavirus cases skyrocketing and reopening in retreat, another February/March plunge is plausible (Photo: Roger Brendhagen/Scopio)MARKETS REPORT: Bitcoin eyes $9,000 as trader warns institutions are short, fear growing
Coronavirus is back in the spotlight as growing hospital admissions in the U.S. fuel a stocks rout that triggered losses for Bitcoin on Tuesday.
Having reached local highs of $9,330 on Monday, BTC/USD lost momentum overnight, in step with a dip on Wall Street with Tuesday seeing further losses. Bitcoin thus continues its correlation with macro markets.
