While bitcoin seems to have found a bottom, a quick rally to record highs looks unlikely, analysts told CoinDesk on Wednesday, saying the cryptocurrency now faces price consolidation.
“Bitcoin looks to have bottomed out, having digested most negative news during the recent sell-off from $41,000 to $29,000,” trader and analyst Alex Kruger said.
Prices topped $41,000 early last week before turning south in the latter half after the Federal Reserve’s unexpected hawkish tilt on interest…
Source link
