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Bitcoin May Soon Regain $12,000 Level After Harsh Rejection Over The Weekend
Summary: On Saturday, August 1 Bitcoin faced a harsh rejection at $12,000 falling by $1,600 over the course of minutes and causing some investors to worry. However some commentators are hopeful that the currency will quickly regain the price level. One pointed out in a tweet that Bitcoin's current price pattern has been seen before and ...
On Saturday, August 1 Bitcoin faced a harsh rejection at $12,000 falling by $1,600 over the course of minutes and causing some investors to worry.
However some commentators are hopeful that the currency will quickly regain the price level. One pointed out in a tweet that Bitcoin's current price pattern has been seen before and that its value may continue dropping through the week only to suddenly rocket back up and even past $12,000.
Some traditional finance figures have also recently stated that the passing of new stimulus bills and increased money printing will drive investors to assets with finite supply like gold or Bitcoin, including senior commodity analyst at Bloomberg Intelligence Mike McGlone who shared this opinion in a recent article.
By Emily Mason
Tags: Bitcoin,Bitcoin Market,Bitcoin Rally
Link: Bitcoin May Soon Regain $12,000 Level After Harsh Rejection Over The Weekend [Copy]
