Bitcoin Could Rebound to $90K but Risks $65K Retest: 21shares Strategist
By Kevin Helms
Bitcoin could recover toward $87,000 and eventually exceed $90,000, according to 21shares strategist Matt Mena. He linked the outlook to renewed buying after softer-than-expected producer inflation, while identifying support and resistance levels that would shape the recovery. Strategist Maps Bitcoin’s Recovery Toward…
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Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinInflation
The rate at which the general level of prices for goods and services rises over time, usually measured over twelve months.
When prices rise faster than wages, households can buy less with the same income, and central banks may raise interest rates in response.
More about InflationMore in Bitcoin
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