Bitcoin BTC Is Close To Making A Decision (November 2019)
- 5 years ago
Bitcoin: BTC Is Close To Making A Decision (November 2019)
In our last analysis on Bitcoin (BTC), we discussed three things. We talked about how the price did not have enough room to rally, how a manipulated pump could happen again and how the price keeps breaking one descending triangle after another as it practically trades sideways. We saw the pump yesterday but considering that BTC/USD does not have much room to rally, that pump was on a shorter time frame although it was the exact replica of the pump prior to that which saw the price shoot towards $10,541. There are a large number of traders still expecting a pump of that type considering it to be a bullish development when it is in fact nothing more than institutional exit out of the market.
In our last analysis on Bitcoin (BTC), we discussed three things. We talked about how the price did not have enough room to rally, how a manipulated pump could happen again and how the price keeps breaking one descending triangle after another as it practically trades sideways. We saw the pump yesterday but considering that BTC/USD does not have much room to rally, that pump was on a shorter time frame although it was the exact replica of the pump prior to that which saw the price shoot towards $10,541. There are a large number of traders still expecting a pump of that type considering it to be a bullish development when it is in fact nothing more than institutional exit out of the market.