ormer NYSE Group President Believes Bitcoin Could Retest $17,000 #TOGRP
During a recent appearance on CNBC, Tom Farley, former president of the NYSE Group, predicted that the price of Bitcoin may end up retesting the $17,000 level. Yet, he believes that the cryptocurrency has reached at least a short-term bottom for now, describing the recent price drop as a “really good” buying opportunity.
Over the weekend, the top cryptocurrency crashed below the highest point of the previous bullish cycle. Investors recorded more than $7 billion worth of locked-in losses, according to data provided by cryptocurrency analytics firm Glassnode.As reported by U.Today, the world’s largest cryptocurrency managed to reclaim the $21,000 level earlier today, which marked a small victory for bulls after a long string of setbacks.
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