Crypto Fails to Find Support for a Breakout
Bitcoin plunged below $90K on Thursday morning after bears seized the initiative at the end of the day on 5 January. At its lowest point, BTC approached the 50-day moving average, above which it climbed at the start of the year. The end of the week will bring an answer to the question of whether this curve has become a support level or whether we saw a false breakout at the start of the year.
Crypto News
Bitcoin could reach a new all-time high this year, said Bill Miller, investment director at Miller Value Partners. According to him, major Wall Street players are once again showing interest in the asset.
Institutional investors are again buying more Bitcoin through ETFs than miners are mining per day, notes analyst Charles Edwards….
