Bitcoin enters short-term correction mode
In our previous report, we showed you how Bitcoin tried several times since mid-October to break out above its all-time high of 64,850 (April 2021), but has been unable to hold above it. Not surprisingly, overhead supply created from Bitcoin’s inability to hold at new highs finally sparked a wave of selling that led to a short-term correction last week.
BTC undercut key, intermediate term support of its 50-day moving average, but quickly stabilized above support of its prior swing low from Oct. 28 (just below 58,000):
Do you think we will still see $100K this December?
In our previous report, we showed you how Bitcoin tried several times since mid-October to break out above its all-time high of 64,850 (April 2021), but has been unable to hold above it. Not surprisingly, overhead supply created from Bitcoin’s inability to hold at new highs finally sparked a wave of selling that led to a short-term correction last week.
BTC undercut key, intermediate term support of its 50-day moving average, but quickly stabilized above support of its prior swing low from Oct. 28 (just below 58,000):
Do you think we will still see $100K this December?
Declinazione di responsabilità
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.