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Analysis: Bitcoin Could be Headed to $1,000 Amid Unexpected Liquidity Crisis | NewsBTC

Analysis: Bitcoin Could be Headed to $1,000 Amid Unexpected Liquidity Crisis | NewsBTC

Since Black Thursday, which saw Bitcoin bottom at $4.6k on the day, the number one cryptocurrency has since been range-bound with strong resistance at the $6.8k level. Although it’s been able to post definite gains since that recent low, some analysts expect to see a further breakdown as the knock-on effects of the pandemic wreak havoc on the global economy.