Bitcoin’s long-term rally is ‘broken’ until it reclaims $85,000, Deribit executive says
A Deribit executive has stated that Bitcoin's long-term rally is considered "broken" unless it manages to reclaim the $85,000 price level. The executive emphasized that the current market conditions indicate a bearish trend, and without a significant price recovery, investor confidence may continue to wane. The commentary comes amid ongoing volatility in the cryptocurrency market, with Bitcoin struggling to maintain upward momentum. Analysts are closely monitoring key resistance levels to gauge potential future movements.
Read the full article: CoinDesk