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Analysts say Bitcoin price ‘dips are transitory,’ suggesting BTC will soon head to $75K
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Volatility is the name of the game in the cryptocurrency market and the Nov. 11 evening sell-off in the price of Bitcoin (BTC) is a reminder that new all-time highs are often followed by sharp whipsaws to underlying support levels.
Data from Cointelegraph Markets Pro and TradingView shows that after dropping to a low near $62,800 late on Nov. 10, the price of Bitcoin managed to claw its way back up to the $65,000 level where bulls now look to consolidate and regroup for another push higher.
Here’s a look at what analysts are saying about the outlook for Bitcoin and the cryptocurrency market as concerns about rising inflation dominate the news headlines in the U.S.
The sight of a rapid $7,000 decline in BTC may have come as a shock to some,
Read more on cointelegraph.comAbout this in other media
This analyst believes Bitcoin will amount to 5-7% of world economy soon ambcrypto.com /3 years ago
Don’t think anybody can say Bitcoin is a joke now: Morgan Housel economictimes.indiatimes.com /3 years ago
Traders say Bitcoin’s drop to $57K is an ‘attractive entry’ for hodlers cointelegraph.com /3 years ago
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