Do we all still remember, that BTC was over 6K a month ago?
Back from nostalgia to reality. For a week Bitcoin has held support around $3300, might mean that the bearish conditions are losing their momentum. Even on the rare occasions when it did drop below 3300, it managed to climb back promptly.
For now, 3K is a key psychological area.
To move from $3300 area cam be a challenging task for Bitcoin, while for sub-$3k levels to become a strong possibility it only takes one more significant drop.
Not a trading advice.
Back from nostalgia to reality. For a week Bitcoin has held support around $3300, might mean that the bearish conditions are losing their momentum. Even on the rare occasions when it did drop below 3300, it managed to climb back promptly.
For now, 3K is a key psychological area.
To move from $3300 area cam be a challenging task for Bitcoin, while for sub-$3k levels to become a strong possibility it only takes one more significant drop.
Not a trading advice.