Be Short After $10.3K Bitcoin Price ‘Head Fake,’ Veteran Trader Warns

Cointelegraph

Published Jun 03, 2020 04:14AM ET

Updated Jun 03, 2020 06:00AM ET

Bitcoin (BTC) hitting highs of $10,300 this week isn’t a breakout and investors should brace for losses, renowned analyst John Bollinger has warned.

In a tweet on June 2, the Bollinger Bands indicator creator said that the largest cryptocurrency’s brief trip to three-month highs was an anomaly.

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