Analysts say Bitcoin’s choppy price action is ‘typical of low liquidity markets’
Cointelegraph
Published Jul 09, 2021 07:25PM ET
Updated Jul 10, 2021 09:20PM ET
On July 9 Bitcoin and the wider cryptocurrency market saw a moderate relief rally that helped recover some of the losses seen on Thursday but a handful of analysts continue to caution that BTC could still drop to the $24,000 to $29,000 range in the short-term.
Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin was bid higher during the morning trading hours on Friday and managed to climb back above $34,100.
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Written By: Cointelegraph
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