Bitcoin needs weekly close above $85K to avoid correction to $76K: Analysts

Bitcoin analysts are closely watching the weekly close to assess the cryptocurrency’s price trajectory for the coming week, as both traditional and crypto markets remain directionless amid a mix of global trade war fears and easing inflation concerns. Bitcoin's (BTC) price may see more downside next week unless it manages to close the week above the $85,000 psychological mark, according to Ryan Lee, chief analyst at Bitget Research. “Bitcoin’s relief rally after the FOMC meeting and lower ...