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Bitcoin Price Prediction- Recovery May Not Last

From fxleaders.com

On Monday, Bitcoin climbed to $64,399 (BTC/USD) and kept up its upward streak. The coin is gaining back some of its lost ground but not as quickly as it lost it. This is why investors should be careful about assuming the coin will make a full recovery back to the $77K level from last month. Instead, it is more likely that Bitcoin will make gradual progress upward in the coming weeks and also suffer some further setbacks. This week may see a market upset that causes Bitcoin to swiftly shift since the Personal Consumption Expenditures (PCE) index is releasing. This index measures household goods purchased by consumers ... (full story)

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  • Category: Fundamental Analysis