Despite Altcoin Drop, This Analyst Thinks Bitcoin Is On Track for $11k

Bitcoin has dropped around $200 from the daily highs as sellers have stepped back in. The drop comes in spite of news that MicroStrategy, a Nasdaq-listed company, bought over $100m worth of Bitcoin yet again. Analysts remain optimistic about BTC’s prospects. Some traders are sharing charts indicating that Bitcoin soon moves above $11,000. BTC, though, is outperforming altcoins, which is a market dynamic not seen in many weeks. This may suggest that the prevailing trend […]
Bitcoinist.com

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Author: toutiao