(BTC) is attempting to form a higher low as investors take advantage of lower levels to accumulate. Twitter (NYSE:) user PlanC recently highlighted that the balance of addresses having at least two significant incoming transactions but no outgoing transactions has soared to a 57-month high.
However, not everyone is bullish on the future prospects of Bitcoin. Popular analyst Ari Rudd presented three long-term technical setups, which point to further downside in Bitcoin. Rudd believes that Bitcoin could offer a buying opportunity in the $24,000 to $27,000 range.
Disclaimer:Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Cryptocurrency exchange Binance (BNB-USD) has been assigned two separate and independent compliance monitors by the U.S. regulators, the U.S. Department of...
