First Mover: Resistance Is Futile as Bitcoin Breaches $15K, Crypto Gets Greedy

Bitcoin was lower, pausing after after a three-day rally that saw prices approach $16,000, their highest since early 2018. 

The recent rally left the largest cryptocurrency up 116% year to date, and some bullish digital-asset market analysts were already looking at even higher levels. Denis Vinokourov, head of research at the crypto prime broker Bequant, said in an email there’s the potential for a squeeze in the options market to push up prices in the next several days. 

“This, coupled…


Source link

About bitcoin

Check Also

Market Wrap: Bitcoin Drops Ahead of Looming ‘Death Cross’

Bitcoin declined about 5% over the past 24-hours as the price broke below $36,000 support. …

Leave a Reply

Your email address will not be published. Required fields are marked *