“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
-
Peter Schiff Predicts Further Bitcoin Plunge Ahead of Mt Gox Payouts — Declares BTC in Official Bear Market
Economist and gold advocate Peter Schiff has highlighted bitcoin’s recent decline, declaring the cryptocurrency “back in... -
Will Bitcoin Have A ‘Red Monday, Green Week’?
Bitcoin (BTC) faced a sharp price drop as the last week of Q2 began. The dramatic... -
Florida lawmaker pitches ‘Bitcoin for Taxes’ bill
A Florida lawmaker has introduced a bill that would greenlight Bitcoin as an approved payment method...