UnknownUnicorn3511625

BTCUSD - Difficult Price Correction (wave) 25/02/2020

Short
BITSTAMP:BTCUSD   Bitcoin
Hello friends!

The dynamics of Bitcoin price behavior has complicated the correction model. In the current situation, it is worth working carefully.

At the moment, it is worth taking a wait-and-see attitude and looking for an understandable model for the completion of the correctional movement.

In our opinion, the price of Bitcoin with a high degree of probability may decrease up to 9000-8000.

In the near future, the Bitcoin Halving event is expected, which could trigger the end of the correction and a sharp increase in the value of Bitcoin .

We recommend looking for levels to buy below 8700, and levels to sell above 9800.

Good luck to all!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.