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BTC/USD: Look at the Support Area

From dailyforex.com

Bitcoin fell a bit during the trading session on Monday and we have dropped below the 50 day EMA. But ultimately, I think this is a market that is going to, eventually trying to find buyers perhaps down at the $60,000 level. I don't know, but this is a market that continues to be very noisy, very, tired, probably after this massive rally higher.But, given enough time, I think you've got a situation where eventually value hunters come back in and try to take advantage of the idea of cheap bitcoin. If we were to break down below the $60,000 level, then it's possible that we could drop all the way down to the $52,000 ... (full story)

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  • Category: Technical Analysis