“In the last 24 hours, we’ve had a little bit of a pullback,” Joe Orsini, director of research at Eaglebrook Advisors, told CoinDesk TV’s “First Mover” program. “When you consider the move that’s been made with bitcoin up around 30% from June 18 lows, ether up about 115%, profit taking without FOMO, and some traders kind of taking some off the table makes sense. It doesn’t change the long-term story [of] $25,000; regaining that level should provide some psychological positivity around the market.”
Source: https://www.coindesk.com/markets/2022/08/18/first-mover-asia-celsius-token-price-rise-pegged-to-market-dynamics-rather-than-fundamentals-btc-retreats-again/?utm_medium=referral&utm_source=rss&utm_campaign=headlines