CandleFocus Satoshi Ally Adam Back Reveals What He Needs From Bitcoin Price
2024-10-10
Author: Content Editor
Adam Back, CEO of Blockstream and contributor to the Bitcoin white paper, has addressed the current state of the crypto market. Bitcoin has dropped over 2% and is testing a key support level at $60,000. Back believes a retest of the $58,000 level is necessary for further action. If this support level fails, the price could drop as low as $52,000, potentially signaling a bearish trend. Back's strategy depends on whether the bounce from $58,000 is a temporary recovery or a double bottom.
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