ARK Invest 'neutral to positive' on Bitcoin price as analysts await capitulation
— Look corrective, Majority, Figured, 5 things, Price, Good, Decision, Analysts, Market, Position meanwhile echoes — 1 min read
Bitcoin (BTC) has a “neutral to positive” outlook despite staying below $20,000, according to ARK Investment Management. The American asset management giant flagged signs that BTC price action is close to bottoming. ARK CEO Cathie Wood: "We're waiting for a few more capitulation signals" Wood sees little cause for concern as Bitcoin markets weather a macro storm of significant historical proportions. Cointelegraph continues to report, consensus is building around a drop to around $16,000 with the majority of on-chain indicators already at lows seen either rarely or never before.$BTCLower highs all the time. Pumps have low volume and they look corrective. Main target remains $15,800-16,200 Source