Bitcoin Price Outlook Is Still Upbeat After Bear Market Tumble, Pros Say
Bitcoin prices slipped below $100,000 for the first time since June this week, capping a string of declines that dragged the world’s largest crypto into a bear market.
After a big shakeout in any market, it’s natural to think: what’s next?
Prices regained some momentum on Wednesday, slowly inching into the green after Tuesday’s big rout. Luckily, despite the turbulence, most crypto pros aren’t worried that bitcoin could be headed for a prolonged bear market.
Vitaliy Shtyrkin, CPO at crypto payment firm B2BINPAY, says the crypto market broadly has entered a corrective phase, but conditions are not overtly bearish.
“In our view, the $100,000 level is the most important support for Bitcoin,” he said. “We see a…
