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Are Bitcoin’s odds for a rally to $75,000 diminished by a weakening US economy, the war in Iran and multiple institutional BTC holders selling in the open market?
Crypto markets sell off as US stocks and global markets react to President Trump’s new tariff threats. Will the tensions put a stop to Bitcoin's start-of-year recovery?
Bitcoin briefly reached $38,000 on Nov. 24 but faced formidable resistance at the price level. On Nov. 27, Bitcoin price traded below $37,000, which is unchanged from a week ago.
BTC futures and options held firm despite a wave of negative news, and data shows traders targeting $40,000.
Marcel Pechman
Marcel is a crypto analyst with 17 years experience as an equities sales trader for UBS, Deutsche Bank, Pactual & Banco Safra. Brazilian. Marcel holds a post-graduate certificate in Engineering and a bachelor’s degree in Business Administration.