Bitcoin Rejects $10k!
Bitcoin failed to break through $10k, how far down will it continue?
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Bitcoin Rejects $10k!
Bitcoin has taken a negative bounce down from $10k. We already see Bitcoin starting to take a small bounce off of the $8,400 support level that I drew on the chart below.
Be careful in this market. The downside in crypto can take hold quickly.
In my video this week I discuss where I think Bitcoin is going and how you can potentially profit by watching Bitcoin, and buying into alts to take advantage of a delayed and extreme reaction to Bitcoin's price movement.
Where do you all think Bitcoin is heading? How do you plan to profit from it's price action? Let me know in the comments below.
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Disclaimer: I am not a financial advisor. The articles that I write are for educational purposes only. Do your own research and hold yourself accountable for the investments that you choose to make.
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This is all normal. On a red day just turn off your PC and do something else...
I take advantage of the opportunities the market creates rather than putting my head in the sand.
Nice analysis but I wouldn't be too worried if I were you. I think it is more important for the market to stabilize at single price point before taking off once again.
I'm not worried, just seeing what the chart is telling me. Take a look back to 2014 and you'll see Bitcoin doesn't just go up for infinity. High volatility takes place after a bull run.
Price increase will come following:
Everyone entering the market has one thing in common: they are all looking at the charts. Crypto is all about the charts just like any currency.