Daily Trade News

Analysts hold their $250K Bitcoin price target even as BTC falls



© Reuters

(BTC) briefly fell below $60,000 on Oct. 22 as a correction after all-time highs deepened concerns about the market’s strength.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $59,930 on Bitstamp, down another 6% on the day.

BTC/USD annotated chart. Source: TechDev/ Twitter (NYSE:)
1-hour candle chart (Bitstamp). Source: TradingView