Bitcoin is setting up for a near-term downturn that could see it shed a good chunk of its recent gains, even if the longer-term outlook appears healthy for the world’s No. 1 crypto.
That’s the view of a number of analysts after bitcoin prices
BTCUSD,
breached a key technical level following the exuberance for digital assets in the wake of Coinbase Global’s
COIN,
listing on the Nasdaq last week.
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