Broad BTC Price Analysis Technicals And A Few Fundamentals
In this video I talk about the most important level on the Bitcoin chart to appear in that last 15 months... the $6,000 level. I talk about how it earned it's badges on honour and how the price is behaving around it now.
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Real world markets started to make connection with cryptos and we know that the cryptos are an undeniable reality of world. And BTC is holding the flag. So, as you mentioned it is a long time that BTC is around this level. Could we call that BTC is stable on this 6000$ band? Or is it a mystery of life/markets @marketingmonk ? Thanks
Yes dear.
Actually this time any cryto just very low and btc or other crypto day by day decrease and you provide great analysis and I think that recently all cryto recover ..
And @marketingmonk
Your every post I follow and some post not seen but this time your post seen really I am happy now.
Carry on your activities.
Thanks for sharing..
Upvote and resteemit done..
Behavioral factors definitely coming into play which is unfortunate because it will drag the dull market on as any rallies are going to be sold unless sentiment, volumes and fundamentals materially improve to align with intrinsic value. Even I have been impacted as seeing a low or potential bottom hit 3 times is not a positive signal. I believe we need a wipeout or capitulation with heavy volume to create a new low and base for a the next move higher. However, as a long term investor I am still scaling into positions and actually started to diversify more given prices I am seeing elsewhere.