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Bitcoin Price Prediction: Can BTC/USD Hold Above 30,000 on MicroStrategy Purchase?

From investingcube.com

Can Bitcoin prices (BTC/USD) hold above $30k with the recent purchase by MicroStrategy? As long as the bulls may be hoping this might give them a break. However, the technical indicators on the charts make the Bitcoin price prediction direr than bulls would have hoped. MicroStrategy has just added to its BTC haul with an additional 13,005 units in what looks like a typical dip-buying move. The average buying price was $37,617. However, the resolutions issued by the People’s Bank of China (PBOC) after a stakeholders’ meeting with several banks and payment providers caused a further drop in the crypto market. ... (full story)

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  • Category: Technical Analysis