Bitcoin Rebounds as Investors Seek to Buy the Dip

From traderslog.com

Bitcoin entered the week on the front foot, after slipping to its lowest levels since early March during the Asian trading session. The world’s largest cryptocurrency by market cap reached a record high of $64,870 on April 14th, having received a boost from the Coinbase IPO the same day. Analysts at JPMorgan Chase struck a note of caution in a research note to clients last Tuesday. Nikolaos Panigirtzoglou suggested that if Bitcoin can’t recover above $60,000 soon, its uptrend will likely lose momentum. The note stated: “Over the past few days Bitcoin futures markets experienced a steep liquidation in a similar ... (full story)