Bitcoin started a new week’s trading by edging closer to $12,000 — but there’s plenty of pressure to sink prices lower. On Thursday, the U.S. Federal reserve will issue a statement that could push safe havens up considerably.
Markets Report: Bitcoin Aims For $12,000 as Max Keiser Says Gains Will Beat Gold
Bitcoin is on course to put in a bigger percentage move than gold, Keiser says, and its $20,000 all-time highs from 2017 will not pose resistance
At $11,770, BTC/USD had all but erased the effects of its precipitous fall last weekend, during which it fell from above $12,000 to $10,870 in a matter of minutes. Further upside, analysts predict, may be harder to sustain.
Bitcoin price recovers from $1,200 dip as trader warns gold is due to crash
More upside is due for Bitcoin in the short term, says Tone Vays, but the coming weeks should see gold top out
Bitcoin is still firmly in bullish territory despite its “huge drop” of more than $1,200 this weekend, one of the industry’s best-known traders says. In the latest edition of his Trading Bitcoin livestream, Tone Vays said that there was no need to worry after BTC/USD crashed from more than $12,000 to less than $10,900 in 20 minutes.
Gold is soaring. Will Bitcoin follow?
Gold Hits $1,800 After 9 Years as Bitcoin Challenges Major Resistance at $9,300
Bitcoin or gold? The debate over the two macro assets looks ready to boil over. Gold is circling its all-time highs against the U.S. dollar, but Bitcoin has yet to show an intention to follow in its footsteps.