BTCUSD. Bitcoin.
A simple breakdown of the price action on Bitcoin. There seems to be a good possibility of the price sliding lower, or at least back to the 30k level. A break of the 30k level may imply more weakness in the coming weeks.
Though it is clear that we're only in a corrective phase on all the cryptocurrencies, it may be a good idea to wait and see the further price movements before making investments. The crypto market is still weakening, and with the dollar becoming stronger, this may be a likely scenario.
A simple breakdown of the price action on Bitcoin. There seems to be a good possibility of the price sliding lower, or at least back to the 30k level. A break of the 30k level may imply more weakness in the coming weeks.
Though it is clear that we're only in a corrective phase on all the cryptocurrencies, it may be a good idea to wait and see the further price movements before making investments. The crypto market is still weakening, and with the dollar becoming stronger, this may be a likely scenario.
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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.