Bitcoin price hit a year-to-date high near $19,000 as pro traders used leverage to propel the pump, but derivatives data hints at reasons for BTC price to retest $17,300.
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss if Bitcoin can actually drop all the way down to $12,000 or $14,000 and how the markets could potentially react.
Do kwon told Laura Shin on her Unchained podcast that he is betting on the long term growth of BTC price and isn’t worried about short term volatility.
BTC price is caught in the middle of a game of tug-o-war, as evidenced by the fact that pro traders are equally pricing upside and downside risk instruments.