BTC still not convincing..
Forgive the sloppy drawing but the point is clear. It seems like Bitcoin has peaked this time at around $8,996, failed to break $9,000 and break out of the downtrend or the 200MA.
This current trend is eerily similar to the 2018 bust.. lots of selling with the occasional bear market rally. Bear market rallies are quite common, especially in stock markets (2009-11) had lots of bear market rallies.
Coupled with lower volume, weak buyers, we can expect a sudden selling putting Bitcoin back below $8,000, unless of course we see volume increase and buyers coming in. As BTC is now listed through CME, it could be that lots of BTC investors have went into the stock market and got greater returns through stocks that BTC as the markets are setting records almost weekly.
This current trend is eerily similar to the 2018 bust.. lots of selling with the occasional bear market rally. Bear market rallies are quite common, especially in stock markets (2009-11) had lots of bear market rallies.
Coupled with lower volume, weak buyers, we can expect a sudden selling putting Bitcoin back below $8,000, unless of course we see volume increase and buyers coming in. As BTC is now listed through CME, it could be that lots of BTC investors have went into the stock market and got greater returns through stocks that BTC as the markets are setting records almost weekly.
تم حذف الأمر
Broke out of descending channel.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.