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Bitcoin price target now $29K, trader warns after Terra weathers $285M ‘FUD’ attack

Doom and gloom continues for Bitcoin markets as Terra’s Do Kwon brushes aside a “deliberate and coordinated” attack on its TerraUSD and LUNA tokens.
Bitcoin (BTC) prepared for a rare bear feature to return on May 8 after an overnight sell-off took the market ever closer to January lows.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC circles $34,400 lowsData from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $34,200 on Bitstamp, recovering to trade around $500 higher at the time of writing.The pair had seen brief support around the $36,000 mark, but this gave way as thin weekend liquidity added to the volatilityBitcoin liquidations themselves were limited, however, as market sentiment had long expected a deeper pullback after a tumultuous week on stock markets.Data from on-chain monitoring resource Coinglass countered 24-hour liquidations for both Bitcoin and Ether (ETH) running at around

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We współpracy z: https://cointelegraph.com/news/bitcoin-price-target-now-29k-trader-warns-after-terra-weathers-285m-fud-attack

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