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Bitcoin Likely Targeting $13,900 - $11,400, Senior Market Analyst Believes

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Bitcoin might be heading towards $13,900, CalebFranzen believes, here’s why. $BTC

Bitcoin still under selling pressure

The flagship cryptocurrency has been trading in the range of $16,800 since December 14. On that day, the US Fed Reserve announced another rate hike, this time byThe Fed also announced that it is determined to continue taking rates high next year, which would keep pushing stocks and cryptocurrency down. Bitcoin fell from the $18,244 high on that day and is now trading at $16,848, according to data shared by CoinMarketCap.

Chief commodity strategist of Bloomberg Intelligence Mike McGlone believes that Bitcoin is ready to “resume outperforming” other assets, once the Fed reverses to monetary easing and stops rate hikes, as

 

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Nah buy the dip

CalebFranzen 🙈

CalebFranzen Go back home 🏠🙂

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