Bitcoin Traders’ Outlook Is So Bleak That Some Analysts See Buying Opportunity

2022-9-2 01:07

As several BTC metrics are hovering at historic lows and crypto traders’ sentiment is overwhelmingly bleak, some analysts argue that it’s time to make short-term contrarian bets.

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Here’s Why Bitcoin’s Outlook Remains Bleak as Long as It Trades Below $10,500

Bitcoin saw a sharp and unexpected rally past $10,000 yesterday that caught sellers off guard This movement allowed the benchmark crypto to rally to highs of $10,400 before it lost its momentum and declined back to the lower five-figure price region The cryptocurrency now appears to be trading at a pivotal point, and analysts are noting that it could still see further downside in the days and weeks ahead There is one level that, if […]

2020-6-3 21:00