Bitcoin Price Sees Largest Daily Loss in 10 Months
Bitcoin ended Thursday down 13%, posting its largest daily drop since the market crash of March 2020.
- The leading cryptocurrency’s drop is “probably just a dip,” according to Techemy Capital trader Josh Olszewicz, who is not expecting a prolonged correction.
- Bloomberg analyst Mike McGlone agreed, telling CoinDesk he could see bitcoin “probing for support and resistance within a mostly $30,000 to $40,000 range for awhile until embarking on the next leg of the stair-step rally.”
- But Guggenheim’s…