Bitcoin bears turn ‘giddy’ at prospect of sub-$60K BTC price
Analysts say Bitcoin price pullbacks “will happen” and suggest that traders avoid impulsive trading.
Bitcoin (BTC) price will need to drop around 12% from its current $67,250 level for skeptics to have their bearish outlook confirmed, according to a crypto analyst.
“Bears can only get giddy if BTC breaks below $58.8k,” crypto analyst Matthew Hyland opined in an Oct. 17 X post amid Bitcoin trading at $67,248, up 10.88% over the past seven days, according to TradingView data.
Hyland said that anything less than that “is just noise if we see a pullback.”
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Author: Ciaran Lyons
