Bitcoin atacking new levels again. For the last 18 days it has been a non-stop of new records. Currently, the price has reached $8,940, which is the highest point in the last 10 months. Last time that it was seen was in July 2018. A while back.
Now, after the pump the price is resting and performing a pull-back. Very probably it will go again back to $8,560 and that will be a key moment. Normally, the pumps are performed in two legs. The first leg took place on May 19th, the second on the 26th. Since lately it has been very bullish, the demand is likely to take a break for the next days and consolidate these new levels.
It is crypto and the demand can peak any moment, especially the level of $9,000 acting like a magnet. However, brearish microtrends are being formed in the pull-back and the price might head to lower levels.
The Copilot
Now, after the pump the price is resting and performing a pull-back. Very probably it will go again back to $8,560 and that will be a key moment. Normally, the pumps are performed in two legs. The first leg took place on May 19th, the second on the 26th. Since lately it has been very bullish, the demand is likely to take a break for the next days and consolidate these new levels.
It is crypto and the demand can peak any moment, especially the level of $9,000 acting like a magnet. However, brearish microtrends are being formed in the pull-back and the price might head to lower levels.
The Copilot