Bloomberg

Crypto Insiders Posit Bitcoin Price Floor Around $30,000 Level

(Bloomberg) — Bitcoin has been grinding lower in a trading range just above $30,000, prompting cryptocurrency insiders to flag the round number as a potential floor for the virtual coin.Crypto prognostication is fraught with risk, not least because Bitcoin’s price has roughly halved from a record high three months ago. Even so, some in the industry are coalescing around $30,000 as a support point, citing clues from options activity and recent trading habits.In options, $30,000 is the most-sold

(Excerpt) Read more Here | 2021-07-16 01:09:07
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