Will that $52k low hold or are we heading lower?

in GEMS4 years ago

So far BTC has held those lows from last night, will it last?

Bitcoin hit a low of $52k last night, but so far has managed to hold above those levels ever since the bounce.

The current chart looks like this:

image.png

(Source: https://bittrex.com/Market/Index?MarketName=USD-BTC)

Will it be able to continue to hold those lows or are more lower lows on the way?

Personally I am thinking that we need to wait for the news to know for sure what is going to happen.

I'd like to say the lows are in but it's going to depend on what this news from Treasury actually is.

If it's not that bad, up we go.

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Man , am still very optimistic the the price will soon resume it upward trajectory

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