Famed technical analyst: Bitcoin risks short-term top or consolidation after big fall
BTC $15,383 (-1%) • ETH $446 (-1.8%) • XRP $0.25 (-1.7%)
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John Bollinger, the famed technical analyst, believes Bitcoin could be heading down for lower. On the day, BTC dropped 4.5% since its peak following the explosive rally of the U.S. stock market.
Bitcoin, gold, and other stores of value sharply pulled back after Pfizer reportedly announced a major vaccine milestone. Pfizer said its study on 44,000 individuals has shown its vaccine is highly effective.
Upon the news, the U.S. stock market soared, reading Bitcoin and gold to plummet in a short period.
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