Analyst: Bitcoin Drops to $60K in August Before Rebounding to $70K

AI Summary Andrey Poroshin, a financial analyst at Bitbanker, an exchange with a presence in Russia, the UAE, and Kyrgyzstan, stresses that bitcoin will retest $60K lows as excess liquidity is withdrawn to recover $70K later, a price still below the base cost of mining in the U.S. Analyst: BTC To Retest $60K Levels In August But […] fulltext: 329 chars | fulltext source: rss-fallback | summary method: extractive Original: https://news.bitcoin.com/price-predictions/analyst-bitcoin-drops-to-60k-in-august-before-rebounding-to-70k/ Source: Bitcoin.com News