
Bitcoin Analyst Warns About “Overheated Retail Action” as Price Hits $60K
Bitcoin prices climbed above $60,000 for the first time in two weeks, raising prospects that the cryptocurrency would keep rising into the new quarter after closing the previous one almost 100 percent higher. Nevertheless, analyst Robbie Liu noted that the recent Bitcoin rally has resulted from “overheated retail action.” The OKEx researcher highlighted rising premiums […]
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Bitcoin bulls should brace for an impact from traders holding larger quantities of the cryptocurrency tokens, warns Robbie Liu.
An ongoing bull run in the Bitcoin market might extend until the price hits $60,000-64,000 area, asserts an independent analyst. The pseudonymous entity tweeted Wednesday that BTC/USD needs to hold support above $42,000 to validate its prolonged bullish setup. On the other hand, slipping below the said price floor would signal bearish deviation. “As long […]