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?
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.