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Bitcoin Double-Top Points to More Downside
Bitcoin price pulled back in the past few days as investors book profits. The BTC/USD dropped from a high of 110,480 on June 9 to the current 103,500, its lowest point since June 6. It has dropped by over 7.4% from its highest point this year. Bitcoin price retreated as investors booked profits and the crisis in the Middle East continued. There are signs that the crisis may escalate as the US has started evacuating its citizens from Iran. A longer war in the Middle East will impact Bitcoin and other assets. For one, it will lead to higher crude oil prices, with Brent and West Texas Intermediate (WTI) rising to $76.75 ... (full story)
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