“Any such retracement from $12,916-$13,971 should be viewed as an opportunity to buy on weakness as long as it doesn’t retrace further than the $9,084 low,” the analysts wrote, as quoted by industry website Coindesk, which reported on the story.
In today’s trading, the Bitcoin price stood at $11,248.56, as of 14:02 BST. The digital currency has lost just over 1% of its value in the past 24 hours. The coin’s total market cap currently stands at $201 billion, which represents 68.6% of the combined value of all digital currencies.
Featured image: Igor Batrakov / Shutterstock.com
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