Bitcoin price gains see ‘significant pullbacks’ ruled out before $150K
From CoinTelegraph
November 11, 2024 10:53 AM:
Bitcoin (BTC) saw a 4.5% daily gain on Nov. 11, reaching $85,000. The price momentum passed $84,000 after the Wall Street open, up nearly 25% in the past week. Analysts predict a bullish trend with potential liquidation of shorts. Bid liquidity above $81,000 may push prices higher into uncharted territory. Veteran trader Peter Brandt sees a path to $200,000. Business intelligence firm MicroStrategy bought over $2 billion in BTC. Spot Bitcoin ETFs saw inflows of over $1.5 billion. BlackRock’s iShares Bitcoin Trust surpassed its gold ETF in inflows.
Read more at Cointelegraph: Bitcoin price gains see ‘significant pullbacks’ ruled out before $150K