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Bitcoin's Friday dive 🙃
Prices fell sharply on Friday as BTC slipped back below the $90,000 mark.
📝 What you need to know
Crypto prices took a sharp dive on Friday as Bitcoin slipped below $90,000 and Ethereum very briefly sank below $3,000 according to crypto price aggregator CoinGecko.
Earlier in the week, market sentiment had improved and analysts were expecting to see Bitcoin and Ethereum rise heading into the final weeks of the year. But John Glover, chief investment officer at Bitcoin lender Ledn, isn’t so sure.
“I continue to look for the market to trade in a $71K to $105K range for the next 4-6 months, and intend to accumulate BTC in the $72 to $84K range as the opportunity presents itself,” he said in a note shared with Decrypt. “If we have a 2 day close above $108K I’ll make the call that the correction is over and ensure that I have my full long position in place at that time."
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