Let’s break this down from the perspective of market positioning: BofA raised its price targets for several exchanges to $156 and $203, respectively, and lowered its target for one exchange to $39.
When the news comes out, two things often happen in the market at the same time:
· The early movers start looking for opportunities to exit
· The latecomers start stepping in
Whichever group has more buying or selling power determines which way the price moves. $BTC 24h Trading volume: $971 million. Watch for any unusual increase in turnover.
#BTC
When the news comes out, two things often happen in the market at the same time:
· The early movers start looking for opportunities to exit
· The latecomers start stepping in
Whichever group has more buying or selling power determines which way the price moves. $BTC 24h Trading volume: $971 million. Watch for any unusual increase in turnover.
#BTC