Bitcoin has experienced a significant surge in price, reaching around $86,000. Analyst Michaël van de Poppe predicts a 10% retracement before the release of CPI data, targeting a range of $75,669 to $81,193. Technical indicators suggest that Bitcoin may be overbought, and there is caution advised due to the correlation between increased retail interest and price corrections in the past.
- Content Editor ( thecryptobasic.com )
- 2024-11-12
Bitcoin Drops to $86,000 as Expert Warns of 10% Dip Ahead of CPI Data