Nov 16 2020

Bitcoin Weekly Outlook: Expect Choppy Trades Near $16,000

published by Yashu Gola
in blog
original entryBitcoin Weekly Outlook: Expect Choppy Trades Near $16,000

bitcoin btcusd btcusdt cryptocurrency

The past weeks saw a string of Bitcoin analysts calling for a bull run towards $16,000, a level that it last tested in January 2017 during a corrective downtrend from its record high near $20,000. The cryptocurrency breached $16,000 on November 11, 2020. Some traders sold-off their positions near the level, causing Bitcoin to correct below it. Nevertheless, any attempt to dump the...

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