Crypto
Bitcoin price eyes $82K as Morgan Stanley strategist says most of correction is over
Bitcoin sought to rebuild support at $80,000 while Asian and US tech stocks extended a rebound into key corporate earnings releases.
Cointelegraph•
Bitcoin sought to rebuild support at $80,000 while Asian and US tech stocks extended a rebound into key corporate earnings releases.
Bitcoin (BTC) approached $82,000 on Wednesday as South Korea’s KOSPI Composite Index gained over 6%.
The pair avoided new lower lows on hourly time frames as bid liquidity thickened around $79,000, and $80,000, per data from CoinGlass.
Speaking to CNBC, Mike Wilson, chief US equity strategist at Morgan Stanley, saw tech stocks entering a new bullish phase on the back of their rebound from a sell-off earlier in October.