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Here’s why analysts say Bitcoin ETFs may ‘completely change the structure of the market’
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After reaching new all-time highs it's customary for Bitcoin (BTC) price see a bit of cooling off in the form of profit taking, consolidation and uncertainty from traders who are cautious about opening new positions at record highs. This appears to be exactly what is occuring this week as Bitcoin price struggles to hold the $60,000 level as support.
Generally, most analysts still retain a bullish macro view of Bitcoin's price trajectory, to the extent that PlanB, Willy Woo and others claim that the second-half of the bull market was certified by the price hitting $67,000 last week.
Here’s what analysts have to say about what may come next for the price of Bitcoin, along with some insights into the greater market dynamics that are currently
Read more on cointelegraph.comAbout this in other media
Bitcoin price in classic 'Bull Pennant' breakout as BTC whales go on buying spree cointelegraph.com /2 years ago
Mt. Gox Payouts Nearing, But Is the Market Ready for It? cryptonews.com /2 years ago
Paraguay, Argentina Are ‘Targets for Crypto Miners’, May Provide Green Bitcoin Solution cryptonews.com /2 years ago
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