BitcoinUpdated Movement like this only has 1 purpose.
Movement like this is designed to shake you out. Bitcoin took a heavy beating with the corona panic, but is recovering fast. Every market in the world is under heavy volatility. We can expect this to continue with bitcoin coming month. Saying this, we can expect movement between 7k and 4k this month before a move to ATH. A close above 6.5k this month will make me incredibly bullish. This will all look like a massive liquidity run if this happens. You can follow our live positions in Bitcoin using our crypto signals canner (comment)
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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.