Traders say Bitcoin run to $44K may be a relief bounce, citing a repeat of December’s ‘nuke’ By Cointelegraph
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© Reuters (BTC) may have rallied to $44,000 on the back of United States inflation data, but according to traders, there is little hope of a sustained comeback.
In a Twitter (NYSE:) discussion on Jan. 12, data analyst Material Scientist warned that a significant downside may still return to Bitcoin price action.
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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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© Reuters (BTC) may have rallied to $44,000 on the back of United States inflation data, but according to traders, there is little hope of a sustained comeback.
In a Twitter (NYSE:) discussion on Jan. 12, data analyst Material Scientist warned that a significant downside may still return to Bitcoin price action.
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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