BTC Update

in #cryptocurrency2 years ago

The current price of Bitcoin has been hovering between $5000-$5200 . It does seem that the price is consolidating from the last pull-back.BTC price seems to have stabilized in the current price level despite the momentary drop below $5000 (in chart below ), proving that $5000 is beginning to look like a support level.

IT would be a good idea yo have short-hedge positions around the $5200 level. This is based on the fact that BTC has been rejected several times near 5200..Increasing alt exposure seems like a good idea as there seem to be some coins that are prime to shoot up after the recent pullback.

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