Analyst: Bitcoin's failure to consolidate above $100,000 suppresses buying across the market
This article is machine translated
Show original
Odaily Odaily FxPro Chief Market Analyst Alex Kuptsikevich said that Bitcoin's failure to consolidate above $100,000 may have suppressed buying across the market. "Bitcoin is trading just below $99,000, with little overnight volatility. Bitcoin's inability to rise has had a negative impact on Altcoin. We believe that Bitcoin's downturn is an important position adjustment, which will help the market get rid of short-term overbought conditions and move higher more reliably. However, based on Fibonacci extension forecasts, the next upward momentum may push prices to the $120,000 area. (CoinDesk)
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content