After pushing higher for the past 3 month, there is a lot of factors that favor the slow down of the BTC bullish drive.
- It is nearing a key technical level, the level to which bitcoin retraced after losing about 70% in 2018
- You have a lot of buyers who held bitcoin when it lost more than 100% of its value, for a lot of them, this is a good level to sell and break even.
- Fundamentally there is the G-20 summit this week end which will see global leaders attempt to ease trade tensions and renew confidence in the global economy.
- since the market has to push higher even about 30000 level by end of this year, we see a lot of people selling to re enter at a lower level.
- It is nearing a key technical level, the level to which bitcoin retraced after losing about 70% in 2018
- You have a lot of buyers who held bitcoin when it lost more than 100% of its value, for a lot of them, this is a good level to sell and break even.
- Fundamentally there is the G-20 summit this week end which will see global leaders attempt to ease trade tensions and renew confidence in the global economy.
- since the market has to push higher even about 30000 level by end of this year, we see a lot of people selling to re enter at a lower level.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.