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Bitcoin - Massive Support

From marketpulse.com

Will it break this time? It goes without saying that it’s been a pretty torrid six months for bitcoin since hitting all-time highs close to $69,000. Soaring inflation has forced central banks around the world into action and at the most aggressive pace since the global financial crisis. What’s more, there’s much more to come, so much so that recessions may well be on the cards. Risky assets have been pummelled as a result, few more so than the ultimate risk asset – bitcoin. Cryptos are no strangers to volatility, even the likes of which we’re currently witnessing, with bitcoin now more than 50% from its highs. (full story)

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  • Category: Technical Analysis