FRANKFURT (dpa-AFX) – Bitcoin fell below $122,000 on Thursday. The most important digital currency recently cost $121,810. At midday it had briefly cost just under $124,000. However, Bitcoin is still close to its record high of over $126,000, which was reached on Monday.
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“The current corrective movement can be interpreted as a healthy consolidation in still high territory,” commented analyst Timo Emden from Emden Research. “The question now arises as to whether new buyers will step to the sidelines and drive the price up despite the brilliant price highs.” Emden assesses the prospects for further price development as positive: “The fact that there is still no profit-taking on a large scale speaks for investors’ continued willingness to buy and confidence.”
The environment is likely to remain fundamentally positive for Bitcoin. In the USA, the partial closure of federal authorities continues and there is no end to the “shutdown” in sight. Many countries suffer from high national debts. In France, the budget dispute has so far prevented the formation of a government./jsl/he