Btc going up or down ?
The price of Bitcoin (BTC) has dropped again after reaching a new high of $100,000. This has led some analysts to believe that the price could crash again.
* Bitcoin formed a bearish engulfing candle on the daily chart, indicating a potential correction below $90,000.
* The recent weakness in Bitcoin's price is likely due to data from the Bureau of Labor Statistics which indicated a stronger-than-expected US economy.
Some analysts believe that there is more liquidity available in the current crypto ecosystem, which could lead to a higher Bitcoin price in the future. However, others believe that a deeper Bitcoin crash could be on the horizon if the price falls below $90,000.
Here are some of the key points from the article:
* Bitcoin's price has dropped after reaching a new high of $100,000.
* Some analysts believe that the price could crash again.
* The recent weakness in Bitcoin's price is likely due to data from the Bureau of Labor Statistics which indicated a stronger-than-expected US economy.
* Some analysts believe that there is more liquidity available in the current crypto ecosystem, which could lead to a higher Bitcoin price in the future.
* Others believe that a deeper Bitcoin crash could be on the horizon if the price falls below $90,000.