“The people in this market are used to 20 to 30% pullbacks but can they handle a 50%+ pullback? Could shake out a few. $50k + seems like the ideal fomo number to bring in new people,” Josh Rager mused to Twitter followers. “This probably won't happen, but eventually we'll see a multi-week 30%+ pullback. Be ready.”
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Markets Report: Bitcoin races to $14,900 as election mania grips markets
Fresh progress sees BTC/USD approach $15,000, but technical hurdles mean price action may soon pause, one analyst says
Data from price tickers including CoinMarketCap revealed another day of major successes for Bitcoin, with daily gains topping 7.5%. At press time, the largest cryptocurrency hovered around $14,850, having risen to beat $14,400 and $14,500 resistance over the past 24 hours.
