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Bitcoin starts the week weak

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Only just before the last named target of the price range around 60,000 USD, bitcoins ( BTC /USD) turned sharply down at the start of the week. More than 15% lost the mother of all cryptocurrencies at the peak, pulling the entire sector south. In the context of the previous gains, however, this setback, considered relatively and in the course of the common volatility , is not to be overestimated. Because even if the weakness of the start of the week should continue, it should come at the latest in the area of 42,000 USD again to an increased demand. Otherwise, here possibly already on Monday the literally weak hands were shaken off, so that there can already be new highs in the area of 60,000 USD by the end of February. Because the rally movement of the coin is, above 40 ,000 USD, still to be seen as fundamentally intact.

Only below 40 ,000 or more concretely 39,100 USD, a further correction extension can hardly be avoided. This should be able to lead at least another 10,000 USD lower. In the area of 30,000/31,000 USD, there is only the next lower support from the beginning of the year.

Comments

i know i cant keep my self not buying BTC if price drop 40K, so 30K and i got rekt 😅

So i hope 40-44k is lowes and then 60k pls
Reply
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