Market | BTC
Peace Steemians,
BTC Stable ?
The bitcoin prices trend on the last days dropped quickly as shown on the daily chart. The fall hit the entire market that was already in the low due to the bear market. The BTC prices in USD have since the last hours found a support around 7.7 k USD. The correction of the trend on the four hours candle chart has begun with the red line as moving average coming up closer to the green line. The resistance line at 9.83k $USD is our next target for the market awakening. The price may tank below the 7k USD any time in the coming future. It is important to consider the high volatility of this market of the crypto currencies.
src1
The move of most of the crypto believers is to load some more tokens as the price stabilize around the blue line. However we must consider the long term variation of the coin we are holding in our safest non custodial wallet.
Far from 10k USD
src1
The moving average lines are still on the separation pattern. This is not the best signal to touch your bag of coins. We must have strong hand and build our portfolio safely.
Please do your best to research all possible information before doing any personal action on the sphere of crypto.
Thanks for stopping by this post.
We invite you to share your thoughts in comment section.
Warm regards
src1|
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