Posted 12/11/2023, 9:01:11 PM
Bitcoin Price Faces Uncertainty Around $42K as Analysts Debate Bull and Bear Cases
- Bitcoin likely to correct to $39,000 support level according to analyst Willy Woo, citing unfilled CME futures gap
- Bullish factors include lower interest rates, peaking dollar, and returning liquidity
- Bearish factors include bearish technicals, spot flows back into exchanges, weaker futures demand
- Bitcoin currently trading around $42,000
- Daily Hodl article explores both bull and bear cases for Bitcoin price action