Connect with us

Prices of major cryptos

Bitcoin Analyst Warns of “Insane Shakeout” as Price Breaks Below $9.6K

Avatar

Published

on

Bitcoin rallied above $9,600 during the afternoon hours of the New York session Thursday.
But it corrected lower on profit-taking sentiment among daytraders.
Market analyst Ryan Scott warned that Bitcoin could undergo an “insane shakeout wick.”

Bitcoin price held steady on Friday despite correcting below $9,600 following a supersonic rally yesterday.
The benchmark cryptocurrency established a quarter-to-date top at $9,686 as bids for safe-haven assets, including gold, picked momentum against rising unemployment claims, and US-China geopolitical tensions. The jump later prompted daytraders to secure their short-term profits at local peaks, causing a downside correction.
Bitcoin price corrects lower upon …

Read More

Continue Reading

Latest

Companies

%d bloggers like this: