losses hit +$10k after dropping from its most recent all-time high of $73.7k to a low of $62.9k, at press time.A clear Fed communication on when to expect interest rate cuts could be bullish for risky assets like Bitcoin.
“You need a healthy price discovery and healthy market action. And so, a little bit of retracement here, off the $73,000 highs.” “I think you’re going to see a steady build. It’ll build a base in here, then all of a sudden start to really drive higher. So I’ll play the diplomat and say $120k – 125k.”“A little bit of retracement is okay.”As the world’s largest cryptocurrency kept losing value last week, Crypto.com CEO Kris Marszalek termed retracement “a healthy move, removing leverage built up in the system.”
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