Bitcoin is struggling to hold above the psychological level of $20,000, as the Dow Jones Industrial Average DJIA strives to hold its gains on Wednesday.
Still,... Bitcoin is struggling to hold above the psychological level of $20,000, as the Dow Jones Industrial Average DJIA strives to hold its gains on Wednesday. Still, the recent gain may not hold, according to Mark Newton, managing director at Fundstrat Global Advisors. Newton expects the crypto to show weakness into the second or third week of July, “before a larger intermediate-term low develops,” Newton said.
“Bitcoin is still in the range currently, with slight upside momentum building on the shorter time frame. If BTC stabilizes above $22k, we can see a quick relief rally towards $26k or $28k,” according to Abdul Gadit, chief financial officer at Zignaly.
I think bottom is $11k but he’s in ballpark.
I’d say bottom for $btc is between $10-14k. $eth may reach $500.
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