Here’s Why Analysts Aren’t Convinced of Bitcoin’s Rally Just Yet

Bitcoin and Ethereum have undergone strong rallies over recent weeks since their September lows. BTC currently trades for $16,000, far above the $9,800 lows seen in September. Other assets have also ripped higher. Not everyone is convinced that this rally will continue, though. One analyst explained that with the second wave of the pandemic sweeping the world, along with Ethereum and Bitcoin running up against a key resistance level, a drop could follow suit. Bitcoin’s […]
Bitcoinist.com

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Author: toutiao