While noting bitcoin’s encouraging rebound from $18,500 earlier in the week, Joe DiPasquale, CEO of crypto asset manager BitBull Capital also said that such resurgences have not been unusual for cryptos during down markets. “While bulls will welcome this bounce, it is important to note how continued bearish price action has intermittent relief rallies, especially as short position holders take profit,” he said.
Related posts
-
Bitcoin Technical Analysis: Market Indecision Holds Prices in a $3K Range
Bitcoin has danced between $95,575 and $96,050 in the past hour, boasting a market cap of... -
Public Canadian Firm Swaps CAD for BTC: Matador Technologies Joins the Bitcoin Treasury Revolution
According to an announcement unveiled on Monday, Matador Technologies Inc., a Canadian publicly listed outfit, declared... -
Bitcoin Short-Term Holders Fueling Potential Dip – $90K Support Crucial Level To Hold
Este artículo también está disponible en español. Bitcoin experienced a highly volatile trading session yesterday, with...