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Bitcoin’s consolidation is ‘normal’ — Analysts set $80K BTC price target
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Bitcoin (BTC) bulls are still hoping for a major breakout but at the moment, bears are applying pressure and keeping the digital asset pinned below $61,000.
Data from Cointelegraph Markets Pro and TradingView shows that an early morning breakout by bulls to make a run above $62,000 was met with a strong defensive line from the bears who handily rejected the attempt.
Here’s a look at what traders and analysts are saying about Bitcoin's current price action and what they expect in the short term.
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Read more on cointelegraph.comAbout this in other media
Bitcoin clings to $56K as whales keep buying — Watch these BTC price levels cointelegraph.com /2 years ago
Bitcoin falls to a 1-month low after a 6% dive drops BTC price to $56.6K cointelegraph.com /2 years ago
Bitcoin holders who bought at $20K refuse to sell BTC at all-time highs — latest data cointelegraph.com /2 years ago
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