Analysts say Bitcoin’s choppy price action is ‘typical of low liquidity markets’ By Cointelegraph – Investing.com
- Date: 10-Jul-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Analysts say Bitcoin’s choppy price action is ‘typical of low liquidity markets’ By Cointelegraph – Investing.com
On July 9 and the wider cryptocurrency market saw a moderate relief rally that helped recover some of the losses seen on Thursday but a handful of analysts continue to caution that BTC could still drop to the $24,000 to $29,000 range in the short-term.
Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin was bid higher during the morning trading hours on Friday and managed to climb back above $34,100.
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