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Bitcoin Price Forecast: Recovers From 5-Month Lows, Time To Buy The Crypto Dip?
Crypto assets demonstrated some resilience last week before being hit by renewed selling on Monday. Bitcoin (BTC) slumped to 5-month lows below $75,000 before a rebound to just above $79,500 in early Europe on Tuesday. Ethereum collapsed to 2-year lows near $1,400 before a recovery to around $1,550. According to CoinGlass, bitcoin saw more than $438 million in long liquidations in a 24-hour period, while Ether saw $349 million in liquidations in the same period. Gold rallied on Tuesday and equity markets also attempted to recover which provided bitcoin relief, but he outlook remained extremely uncertain. There was a ... (full story)
