First Mover Asia: What's Next After Bitcoin's Retreat

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First Mover Asia: What's Next After Bitcoin's Retreat
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'A healthy retest of the support zone between $25K to $27K is a positive sign for a continued move up,' says Joe DiPasquale, CEO of BitBull Capital.

) reversed course as well, losing its foothold above $30,000 and changing hands around $27,800 around press time.

According to Joe DiPasquale, CEO of BitBull Capital, technical signals found in bitcoin's price chart still look encouraging. "A healthy retest of the support zone between $25K to $27K is a positive sign for a continued move up," DiPasquale told CoinDesk in an email."As long as Bitcoin manages to stay above $22K, in the worst case, we can expect more upward action.

, among others. One name not on that list is Taylor Swift, who was offered a reported $100 million sponsorship deal with the offshore crypto exchange – but dodged embarrassment and potential legal fallout by exercising some basic skepticism.

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