SamoSeto

Bitcoin is heading down short term

Short
BITMEX:XBTUSD.P   Bitcoin
This week we are looking for a significant downturn from a fundamental perspective are a few things that can work together. The first reason is a significant throwing sticks under the feet of Libra from Facebook. And another equally important reason was the announcement by Google, which took the key to key advances in the field of quantum computers. Such technologies should significantly threaten bitcoins, but also potentially digital infrastructure. All this combined with the expected backtu. From a technical point of view, I see all months likely to fall to 6 495 USD. There is a significant volume point that will be worth attracting naturally. Another alternative would be to the top line clearly I got yellow. This growth would be beneficial if you have big players, you can buy the wrong price. But this scenario in a few months horizon expectations for less likely.


Have a nice day
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.