After an infinite bearish trend, BTC is showing less selling power as the all-time low (since Jan 2018) is every day nearer.
Our suggestion now is not to short but actually wait and trade at the break-outs.
Fundamental Analysis
If you like to read online news, you probably have noticed that the news about Bitcoin and the crypto market are so discordant. We have analysts from all over the world that call the near bottom, articles on ATMs that are growing, articles about lighting network which is improving, articles about the future trillions dollars value of this market...
And analysts that call Bitcoin at 0$, that focus on infinite bearish trend and lack o real use.
The result is a moment where the market has less interest than usual.
Bullish scenario
Technically, we are approaching the 3.000$ support that made the price bounce 50% last time, and selling pressure which is actually weak. If the bears fail to break the 3.000$ support, we will retest the actual resistance around 3700$ and 4000$.
Bearish scenario
The lack of volumes, could be a sign of continuation of the trend, and a way for the bears to keep pushing down. If they could really manage to break the 3000$ support, then it's again time to short.
As we precedently mentioned, we expect a bounce from the 3.000$ area again, so if your plan is to short now, pay attention.
Pay also attention to the support/resistance level and trade the breakouts
Not a financial advice, trade safely!
BFCM
Our suggestion now is not to short but actually wait and trade at the break-outs.
Fundamental Analysis
If you like to read online news, you probably have noticed that the news about Bitcoin and the crypto market are so discordant. We have analysts from all over the world that call the near bottom, articles on ATMs that are growing, articles about lighting network which is improving, articles about the future trillions dollars value of this market...
And analysts that call Bitcoin at 0$, that focus on infinite bearish trend and lack o real use.
The result is a moment where the market has less interest than usual.
Bullish scenario
Technically, we are approaching the 3.000$ support that made the price bounce 50% last time, and selling pressure which is actually weak. If the bears fail to break the 3.000$ support, we will retest the actual resistance around 3700$ and 4000$.
Bearish scenario
The lack of volumes, could be a sign of continuation of the trend, and a way for the bears to keep pushing down. If they could really manage to break the 3000$ support, then it's again time to short.
As we precedently mentioned, we expect a bounce from the 3.000$ area again, so if your plan is to short now, pay attention.
Pay also attention to the support/resistance level and trade the breakouts
Not a financial advice, trade safely!
BFCM