Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Sharpmax on April 17, 2021, 11:41:50 PM
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The price of Bitcoin (BTC) declined below $60,000 on April 17 after a strong rally throughout the past week in anticipation of the Coinbase public listing on Nasdaq.
However, after the COIN listing, which is the ticker of the Coinbase stock, the cryptocurrency market started to correct.Meanwhile, the $60,000 level is an important price point for Bitcoin because it took roughly a month for BTC to break out above it.
Hence, it is important for Bitcoin to hold the $60,000 area to maintain the bullish market structure heading into next week. Source (https://cryptonews.net/551320/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)