- look better and trading above $8,000, prices are down again and technical analysts are warning that there could be more trouble ahead for the popular cryptocurrency.
- Goldman’s proposal reportedly involves holding the digital securities on behalf of the crypto funds to reduce clients’ risk of cyber-attacks.
- Which is looking to test last year’s average, said Bloomberg Intelligence analyst Mike McGlone.
- Ollowing the pump run-up on the potential for a U.S. ETF,” McGlone told Bloomberg. “It may not subside until revisiting good support near $4,000 -- last year’s mean.”
- According to Renaissance Macro Research, which is recommending placing bets against bitcoin if it falls through its year-to-date support level.
- Significant near-term technical damage has been inflicted to suggest more downside pressure in the near term
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