CryptoQuant CEO Says Bitcoin Price Could Reach New ATH If It Holds This Level

Quick Summary:

Bitcoin Price Must Hold $45,000 In an X (formerly Twitter) post, CryptoQuant CEO Ki Young revealed that the Bitcoin price remains bullish even after the crash.

Following the Bitcoin price crash below $60,000, hopes for the BTC price to reach a new all-time high, at least for the short-term, seem to have been shattered.

However, a fall in price below the $45,000 level will initially put the Bitcoin price dangerously close to the cost of mining a BTC.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: BTCUSDT Bitcoin price Bitcoin Btc Bitcoin Btc price Bitcoin news BTC news Btcusd

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 16:00:14 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 415 words

Reading Time: 3 minutes read

Sentences: 62 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 21989064

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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News Last Updated: 11 hours ago

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