A naukri.com initiative
Bitcoinist
1M
425
Image Credit: Bitcoinist
Why The Bitcoin Bounce Off $66,000 Is Not Entirely Bad News
- Bitcoin price surged from $53,500 to $66,000 but pulled back to $61,000 showing volatility.
- The rally to $66,000 led to a change in investing dynamics among holder cohorts.
- Reversal and retest after the rally may set the stage for a resilient long-term price outlook.
- Short-term holders' profitability improved while long-term holders have an opportunity to accumulate more.
Read Full Article
25 Likes
For uninterrupted reading, download the app