Bitcoin has taken another drop as predicted. But whilst sentiment is very fearful, the bears aren't out of the woods yet. It might be a bit premature to be calling lower prices.
Bitcoin is still sat in the Golden Pocket and now sits neatly on the 65% retrace from 2019 highs. These levels have been respected over the last three weeks suggesting significant reaccumulation.
As long as this 65% level is held, there is still a strong case for reaccumulation. But a break of it could see a significant move lower, likely to local low of $6400.
Bitcoin is still sat in the Golden Pocket and now sits neatly on the 65% retrace from 2019 highs. These levels have been respected over the last three weeks suggesting significant reaccumulation.
As long as this 65% level is held, there is still a strong case for reaccumulation. But a break of it could see a significant move lower, likely to local low of $6400.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.