(BTC) has been trading below $29,000 for the past few days. The analyst community remains divided on the near-term outlook for Bitcoin. While some believe that Bitcoin could go as high as $30,000, others are of the opinion that a local top has been made.
Bloomberg Intelligence senior macro strategist Mike McGlone said that cryptocurrencies, along with the stock market, can find it. hard to sustain recent rebound because bank liquidity levels remain tight.