Short term run for Bitcoin is likely to be over. Similar to the equity market.
The price failed to break the 50 moving average and it is likely to retract to the red line.
Therefore, I am not expecting a new low at this stage.
below $4000 is likely to be the bottom ahead of the Bitcoin halving.
The price failed to break the 50 moving average and it is likely to retract to the red line.
Therefore, I am not expecting a new low at this stage.
below $4000 is likely to be the bottom ahead of the Bitcoin halving.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.