“Bitcoin’s recovery is a long shot as investors are more keen on the price being stabilized for now,” Alex Axelrod, founder and CEO of Aximetria, a crypto financial services firm, wrote in an email to CoinDesk. Axelrod is monitoring BTC price levels of between $32,000 and $40,000 for confirmation of a breakdown or breakout.
Related posts
-
Billionaire Peter Thiel Remains a Bitcoin Holder but Questions Its Future Value
According to American entrepreneur, venture capitalist, and political activist Peter Thiel, he still holds bitcoin (BTC)... -
Analyst Warns Of Bitcoin Breakdown Below Key Psychological Level, Says $40,000 Is Possible
Bitcoin is at a crossroads after getting rejected at $62,000. Unsurprisingly, this has led to clashing... -
Central Bank of Bolivia Unbans Bitcoin From the Nation’s Financial Ecosystem
The Central Bank of Bolivia has lifted a blanket ban on using bitcoin and other cryptocurrencies...