Bitcoin (BTCUSD) - Another Batch Of Sell-Off? When Would It End?
Hi Traders. In the previous few BTC analysis, I've been calling shorts around 40k, 31k, 28k, etc...
The further the price stretches, the more cautious you'll have to be.
Right now Bitcoin has plummeted over 71% from the all-time-high, how far could it stretch?
No one can catch the bottom, and i do not suggest catching falling knives either. If you're really interested to buy BTC for the future value, i'd suggest you to dollar-cost-average
But usually when pessimism gets overloaded, that's usually where we will get some rebound.
The next level of support is around 13,500 - 14,000, IF 19,000 area does not hold. Now is exactly the time where you'll need to observe more rather than taking action.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
The further the price stretches, the more cautious you'll have to be.
Right now Bitcoin has plummeted over 71% from the all-time-high, how far could it stretch?
No one can catch the bottom, and i do not suggest catching falling knives either. If you're really interested to buy BTC for the future value, i'd suggest you to dollar-cost-average
But usually when pessimism gets overloaded, that's usually where we will get some rebound.
The next level of support is around 13,500 - 14,000, IF 19,000 area does not hold. Now is exactly the time where you'll need to observe more rather than taking action.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
