Bitcoin Chartists See Selloff Intensifying With $40,000 in Focus
- Date: 18-May-2021
- Source: Yahoo News
- Sector:Technology
- Country:Middle East
Bitcoin Chartists See Selloff Intensifying With $40,000 in Focus
(Bloomberg) --
A cohort of chart watchers on Wall Street say Bitcoin’s deepest selloff since crypto mania kicked off last year looks set to intensify.
Evercore ISI’s Rich Ross reckons prices are destined to fall back to the 200-day moving average, following a path of other speculative assets, which would put Bitcoin back at $40,000 compared with just under $45,000 currently.
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