Bitcoin at ‘pivotal juncture,’ $60K not out of the picture — Analyst
Crypto analysts say a daily close above $65,000 would confirm “bullish momentum,” but a possible reversal still can’t be ruled out.
Bitcoin (BTC) is at a critical crossroads. While some traders are optimistic about an imminent surge as BTC’s price passes $66,000, others are not ruling out a retrace back to $60,000.
The speculation comes after Bitcoin surpassed $65,000 on Sept. 26 for the first time since Aug. 2.
Kraken analysts opined in a note viewed by Cointelegraph that:
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Author: Ciaran Lyons
