-
Bitcoin Price Analysis: 17 April
Bitcoin dropped from $63,000 to $60,500 following the news that Turkey’s central bank had imposed a ban on crypto-holders using their digital assets for payments. Funding rates for BTC hovered just above +0.05%, showing that the buying side has not been overcrowded for some time now. Despite the news that sparked a small sell-off (the price drop amounted to 3%), Bitcoin still held strong above the $60,000 mark. chart Going forward, $60,7500 and $58,000 are likely to be strong levels of support for BTC. The price recently tested the $60k mark but saw a bounce to $62,541 but was likely headed back toward the ... (full story)