Market News / Story
Bitcoin Tumbles to $82,000 but $205,000 Remains the Target, Analyst Says
Benzinga ·
Benzinga reports: Bitcoin analyst Caleb Franzen, who turned bearish when the token fell below $97,000 last November, says he’s bullish again and sees targets as high as $205,000. Why Franzen Flipped Bullish Franzen, founder of Cubic Analytics, told Milk Road Crypto Wednesday that two signals changed his view in late August. Bitcoin broke decisively above its 200-day moving average cloud around Aug. 21, a move he called structurally different from prior failed attempts in May and January.…