Bitcoin has seen some excellent swings. Learning to play them all can be difficult, but we can try to pick out some clues to the next big move! Bitcoin has struggled at the $10k level for weeks now. This is not a good sign for bulls and it shows a lack of buying power and an increased selling pressure. Technicals show a rising trendline with consistent higher lows, when this trend is broken, it will cause panic and spur a selling spree in the whole crypto market. The stock market is increasingly growing bearish on the news of covid-19 spreading in the U.S this week, faster than ever before. The last time we had bearish news like this, Bitcoin went from $9K to $3.6K so we should probably pay attention! Anyways, I do not post often so your support means a lot to me, if you have any specific question I'd love to answer them in the comments.
That will be all for this Bitcoin analysis!
As always friends, I wish you good luck!
And thank you for supporting me.
-Trader Demo
That will be all for this Bitcoin analysis!
As always friends, I wish you good luck!
And thank you for supporting me.
-Trader Demo