Bitcoin could touch $20,000 if sell-off continues, analysts say
- Date: 09-Jun-2021
- Source: The National
- Sector:Financial Markets
- Country:Middle East
Bitcoin could touch $20,000 if sell-off continues, analysts say
Another bad week for Bitcoin could be a precursor of more pain to come, according to strategists watching the sell-off in cryptocurrencies.
Further weakness in its price may bring the $20,000 zone into view as a downside target, according to Oanda, Evercore ISI and Tallbacken Capital Advisors. Bitcoin fell about 2 per cent to $33,000 as of 11.23am in Hong Kong and is down some 10 per cent so far in June.
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