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Analysts See The Temporary Retreat Of BTC Is Natural And Bullish The Price On New High
Summary: According to the Bitpush data, the price of Bitcoin has retreated sharply today after reaching an all-time high. Quantum Economics analyst Charles Bovaird told Decrypt that the simplest explanation is that conservative investors cash in early to avoid capital losses. Another analyst Tim Rainey, CFO of Greenidge Generation, a crypto company in New York, stated that ...
According to the Bitpush data, the price of Bitcoin has retreated sharply today after reaching an all-time high. Quantum Economics analyst Charles Bovaird told Decrypt that the simplest explanation is that conservative investors cash in early to avoid capital losses.
Another analyst Tim Rainey, CFO of Greenidge Generation, a crypto company in New York, stated that it is natural for traders to make such decisions as Bitcoin price enters a new trend or cycle. Rainey predicted Bitcoin may experience several temporary declines in the short term, but he bullish the price will rise to a new high in the long run.
By Mary Liu
Tags: Bitcoin,Charles Bovaird,Greenidge Generation,Quantum Economics,Tim Rainey
Link: Analysts See The Temporary Retreat Of BTC Is Natural And Bullish The Price On New High [Copy]
