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Analyst: Bitcoin Drops to $60K in August Before Rebounding to $70K

Andrey Poroshin, a financial analyst at Bitbanker, an exchange with a presence in Russia, the UAE, and Kyrgyzstan, stresses that bitcoin will retest $60K lows as excess liquidity is withdrawn to recover $70K later, a pri...

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Analyst: Bitcoin Drops to $60K in August Before Rebounding to $70K
Andrey Poroshin, a financial analyst at Bitbanker, an exchange with a presence in Russia, the UAE, and Kyrgyzstan, stresses that bitcoin will retest $60K lows as excess liquidity is withdrawn to recover $70K later, a price still below the base cost of mining in the U.S. Analyst: BTC To Retest $60K Levels In August But […]

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Bitcoin is showing up inside the Market Structure theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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