“It doesn’t look like the Silvergate issue is leading to broad contagion. And we may have seen most of the drop associated with that news already,” Matt Weller, Forex.com’s global head of research, told CoinDesk TV on Friday. “I wouldn’t be surprised to see bitcoin retrace back down to $20,000, maybe even $18,000, to sort of retest those lows. But…it does look like the depths of the winter are behind us.”
Bitcoin-to-Gold Bottom Fractal is Breaking as BTC Looks for a Bottom
For years, Bitcoin (BTC) traders have watched its price relative to gold (XAU) for clues on when BTC bottoms in...
