At press time, bitcoin is trading for roughly $8,220 – about $130 less than where it stood yesterday. One source places current resistance levels at $8,600, which bitcoin was previously unable to break. The currency rose to the $8,500 mark 48 hours ago, but has incurred subsequent drops ever since. In addition, bitcoin has also failed to sustain previous support levels at $8,300, thus leading to the most recent drop. Tom Lee of Fundstrat (whom we’ve discussed in our last two price articles) is again in the news. He’s sticking to his guns and insists bitcoin will reach $25,000 byPowered by WPeMatico
