Topic: Bitcoin(BTC) Price Watch:Bulls Defending Correction level (Read 130 times)
The last pump and dump stabilised the price at +$1k what it was weeks ago which is very positive and means that it consolide correctly. Now it is up to people to hold it and buy so another bull run took a place and run the price up further until +$10k level
1. correction ended a while ago and bitcoin has been in consolidation mode making everything ready for the rise that has started after the accumulation. but the external reasons has been preventing this rise from happening by slowing everything down.
reasons such as ETF hype and rejection of one of them by SEC.
2. going back to "high and beyond" still requires more money coming in and just a bounce back can not do that.
3. not at all. a pull back doesn't have to mean a deeper follow up. there is still a lot of very strong supports to break which have actually been increased because of the recent rise.
reasons such as ETF hype and rejection of one of them by SEC.
2. going back to "high and beyond" still requires more money coming in and just a bounce back can not do that.
3. not at all. a pull back doesn't have to mean a deeper follow up. there is still a lot of very strong supports to break which have actually been increased because of the recent rise.
Bitcoin Price Key Highlights
1.Bitcoin price is still in correction mode but appears to be finding support at the nearest Fib.
2 A bounce from current levels could take it back up to the swing high and beyond.
3.A move lower, on the other hand, could indicate that a deeper pullback from the uptrend is in order.
Bitcoin price has pulled back from its rally and could be due to resume the uptrend if the 38.2% Fib holds as support.
Hope this will help. Spread the love guys. Help each other
1.Bitcoin price is still in correction mode but appears to be finding support at the nearest Fib.
2 A bounce from current levels could take it back up to the swing high and beyond.
3.A move lower, on the other hand, could indicate that a deeper pullback from the uptrend is in order.
Bitcoin price has pulled back from its rally and could be due to resume the uptrend if the 38.2% Fib holds as support.
Hope this will help. Spread the love guys. Help each other
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