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Bitcoin (BTC): a reversal to a decline or buying the dips?

From fxpro.news

Bitcoin (BTC) was cautiously redeemed on Monday evening but lately stuck to $8000 level. However, so far the impulse has not received its development, showing signs of extinction. Bitcoin stopped near the round level of $8,000, which so far serves as a serious resistance. Nevertheless, it should be noted that earlier BTC showed a similar dynamics, gathering with forces around the threshold, and then swept away several levels of resistance on its way. Waves of demand this spring passed through round levels so that a truly strong FOMO can begin after the $10K will be passed. But the opposite is also true: without ... (full story)

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  • Category: Technical Analysis