Bitcoin BTC Price Gains Early, Fades Late to Trade Below $25K

Consensus 2023 Nav Bar

James Lavish, managing partner at Bitcoin Opportunity Fund, said that bitcoin’s pullback late Tuesday indicated that the cryptocurrency “got ahead of itself with short covering after pushing through key $25,000 resistance for traders.” In an email to CoinDesk, he added: “That, plus the CPI numbers suggest the hikes are not quite over yet, even if the 50-basis point is essentially off the table now.”

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.