Cointelegraph - Bitcoin's weekend surge to nearly $80,000 has drawn caution from analysts, who advise vigilance as low liquidity could lead to a rapid market reversal

in blockchain •  9 days ago 

https://cointelegraph.com/news/bitcoin-major-leg-down-btc-price-nears-80k
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Bitcoin's recent weekend surge to nearly $80,000 has sparked mixed reactions, with analysts cautioning users about potential volatility in low-liquidity conditions.

Some experts warn of a possible price retracement, pointing to the likelihood of a short-term market correction, potentially down to sub-$50,000.

Users are urged to stay vigilant, as such price movements may involve "whale" activity that can create artificial volatility, especially during thin trading periods.

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