Bitcoin’s Next Stop Could Be $60k. The Bigger Risk May Be $40k.

Bitcoin is flashing increasingly bearish signals at a time when many traditional risk assets continue to look remarkably resilient. The cryptocurrency plunged below $70,000 this week, accelerating a decline that has already erased much of the recovery from February’s lows. The divergence with equity markets is becoming difficult to ignore. While investors continue pushing technology
The post Bitcoin’s Next Stop Could Be $60k. The Bigger Risk May Be $40k. appeared first on ActionForex.

Bitcoin is flashing increasingly bearish signals at a time when many traditional risk assets continue to look remarkably resilient. The cryptocurrency plunged below $70,000 this week, accelerating a decline that has already erased much of the recovery from February’s lows. The divergence with equity markets is becoming difficult to ignore. While investors continue pushing technology […]

The post Bitcoin’s Next Stop Could Be $60k. The Bigger Risk May Be $40k. appeared first on ActionForex.

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