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CoinGape

Analyst predicts Bitcoin price could retrace to $63,000 following market rally

CoinGape
Summary
Nutrition label

59% Informative

Analyst Justin Bennett predicts that the Bitcoin price could retrace to $ 63,000 following the recent market rally.

This prediction comes as the flagship crypto targets a new all-time high ( ATH ) following a weekly high of around $69,000 , its highest level since late July .

Bitcoin 's open interest has reached the same level which preceded its last drop from $ 70,000 to $ 49,000 .

Analyst CrediBULL Crypto also warned that a price correction was imminent.

VR Score

36

Informative language

23

Neutral language

72

Article tone

formal

Language

English

Language complexity

41

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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