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Bitcoin Showing Red Flags After Volatile Day
Summary: Bitcoin has begun to show red flags after yesterday's mixed signals, bitcoinist.com reported. The coin's inability to hold upwards of $10,000 has analysts reporting low expectations, with one giving a bottom out price in the high $7,000s. However, he noted that pushing past the mid $9,000 space would likely invalidate his prediction. At the time ...
Bitcoin has begun to show red flags after yesterday's mixed signals, bitcoinist.com reported.
The coin's inability to hold upwards of $10,000 has analysts reporting low expectations, with one giving a bottom out price in the high $7,000s. However, he noted that pushing past the mid $9,000 space would likely invalidate his prediction. At the time of publication Bitcoin stands at $9,570.
Bitcoin's volitality and disappointing outlooks are having negative effects on altcoins, with XRP, Bitcoin Cash and Litecoin all trading down around 5%.
By Emily Mason
