Glaring Downside Risks Make Bitcoin Correction Likely Despite “Buy the Dip” Sentiment

Bitcoin crawled back above $7,000 this Thursday trade but failed to confirm a bullish breakout. The cryptocurrency rebounded as US Stocks and Oil broke their two-day losing streak. Analysts are concerned that the markets are overly optimistic. Bitcoin jumped back above the key support/resistance level of $7,000 on “buying the dip” sentiment Thursday but failed to turn the rebound into a full-fledged bullish breakout. The benchmark cryptocurrency surged 4.95 percent to 7,191.99 after dropping by […]

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Author: toutiao