Further headroom limited for Bitcoin
The prospect of a rounding bottom was invalidated a few weeks ago. This week, we've witnessed a small recovery rally.
Nevertheless, the time lapsed since bitcoin broke under 4k has been too short for adequate accumulation. While 2.5-3.5k could be considered the accumulation zone, it's very likely for us to revisit the lows in the coming weeks. A prolonged range-trading period shouldn't surprise anyone.
Nevertheless, the time lapsed since bitcoin broke under 4k has been too short for adequate accumulation. While 2.5-3.5k could be considered the accumulation zone, it's very likely for us to revisit the lows in the coming weeks. A prolonged range-trading period shouldn't surprise anyone.
Note
Indeed retreated from around 4.2k Let's see if 2.5k will be touch on the lower bound.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.