Bitcoin volatility and opportunities

in trading •  4 months ago 

According to a number of traders BTC is in bullish long-term trend. 

It broke resistance level and is hanging in there. Who knows, that resistance may turn into support and BTC will move higher to 4500, or even 5000 usd. 

However, it still lacks volume to support this trend. That's why several traders think BTC will continue to go sideways. 

Even if it jumps to 4500-5000, some think it may fall down back to around 4000, or even 3500.

But, for experienced traders such volatility is a goldmine. Someone is going to make thousands upon thousands of dollars on these swings.

This is not investment or trading advice, but an overview of opinions by professional traders.



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