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Analysts Predict Grim Future For BTC
Summary: BTC dropped slightly this morning to from it's safety around $9,600 to $9,400 before buyers quickly brought the price back up, Bitpush data shows. Earlier in the week BTC rallied to $10,500, but quickly dropped back to the $9,000s for the third time. At the time of writing, BTC is trading at $9,789. Despite maintaining a ...
BTC dropped slightly this morning to from it's safety around $9,600 to $9,400 before buyers quickly brought the price back up, Bitpush data shows.
Earlier in the week BTC rallied to $10,500, but quickly dropped back to the $9,000s for the third time. At the time of writing, BTC is trading at $9,789.
Despite maintaining a place in the $9,000 range, analysts are pessimistic about the coin's outlook given the inability of buyers to secure a relaible hold above $10,000, Bitcoinist reports.
By Emily Mason
