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Bitcoin Reverses Back Under $100k
Following the historic break above the $100k mark earlier this week, Bitcoin prices are trading back below the level today after meeting strong selling interest at highs. BTC futures reversed sharply from highs around the $105 level and are now trading around the mid $98s. We noted earlier in the week that volatility is to be expected near-term given the profit taking likely to kick in on a break of $100k and year-end flows starting to materialise. However, the broader outlook remains firmly bullish for BTC with further advances likely in coming weeks and into next year. Trump Trade Optimism ahead of Trump taking ... (full story)
