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Analysts hold their $250K Bitcoin price target even as BTC falls below $60K
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Bitcoin (BTC) briefly fell below $60,000 on Oct. 22 as a correction after all-time highs deepened concerns about the market's strength.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $59,930 on Bitstamp, down another 6% on the day.
A rebound took the pair back above the $60,000 mark, but caution remained the name of the game as the week
"Was watching that $64K zone as a crucial level to break and the market has failed, so a corrective move is taking place," Cointelegraph contributor Michaël van de Poppe summarized about the situation.
The previous all-time high at $64,900 turned out to provide little by way of new support, instead becoming more of a repeat resistance zone as bulls had little luck securing
Read more on cointelegraph.comAbout this in other media
Cryptocurrency Prices Today: Bitcoin surges over 5%, Tether falls moneycontrol.com /3 years ago
Here’s why JP Morgan analysts recommend Ethereum over Bitcoin ambcrypto.com /3 years ago
Bitcoin’s consolidation is ‘normal’ — Analysts set $80K BTC price target cointelegraph.com /3 years ago
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