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Bitcoin’s plunge means one thing: calls for rallies to $25,000 by year-end are fading—fast
Bitcoin prices have carved out a fresh near-term nadir, extending a downtrend that has taken hold of the world’s No. 1 virtual currency since a recent peak in May peak and raising doubts about bullish forecast for the virtual currency. Just a few weeks ago, one of the staunchest and more vocal bitcoin proponents, Tom Lee of Fundstrat Global Advisors, reiterated a prediction that the asset would end the year around $25,000 during a Bloomberg interview (paywall). Bitcoin Foundation‘s Llew Claasen back in February said bitcoin would touch $40,000 by the end of this year, in a Business Insider interview (paywall).
https://finance.yahoo.com/m/8d04eae...d85/bitcoin’s-plunge-means-one.html?.tsrc=rss
Bitcoin prices have carved out a fresh near-term nadir, extending a downtrend that has taken hold of the world’s No. 1 virtual currency since a recent peak in May peak and raising doubts about bullish forecast for the virtual currency. Just a few weeks ago, one of the staunchest and more vocal bitcoin proponents, Tom Lee of Fundstrat Global Advisors, reiterated a prediction that the asset would end the year around $25,000 during a Bloomberg interview (paywall). Bitcoin Foundation‘s Llew Claasen back in February said bitcoin would touch $40,000 by the end of this year, in a Business Insider interview (paywall).
https://finance.yahoo.com/m/8d04eae...d85/bitcoin’s-plunge-means-one.html?.tsrc=rss