Bitcoin liquidity grabs continued at the Wall Street open, with traders hoping that a breakthrough of resistance would propel the BTC price toward the $100,000 zone.
Bitcoin rallies continue to be capped by selling near the intra-day range highs, and the expectation of a Bank of Japan interest rate hike could amplify the downturn in BTC and altcoins.
The Bitcoin parabola broke, leading some analysts to predict an 80% drawdown in BTC price. Will growing demand from traditional finance and strategic crypto reserves nullify all bearish predictions?