Market strategist ‘perplexed’ Bitcoin not trading at ATH, sets when BTC party will begin
As Bitcoin struggles to maintain its valuation above $60,000, a market strategist has expressed his surprise regarding the asset’s inability to trade at a record high despite operating in a favorable environment. According to the expert, Bitcoin’s price should be above $73,000, citing the current macroeconomic environment dominated by the recent Federal Reserve interest rate cut and geopolitical tensions; Roy Mattox, a chief market strategist, noted this in an X post on October 10. In line with this observation, Bitcoin failed to hold its position above the $65,000 support, with the asset correcting in the wake of escalating tensions in the Middle East. This drop has cast doubt on Bitcoin’s ability to emulate gold and serve as a hedge in such an environment. Picks for you Bitcoin's price this Halloween: new reco...