2018-7-14 01:00 |
Similarly, telling investors to buy Bitcoin now, during sharp declines and in batches is against the prevailing negative sentiment.
It is worth noting that the institutional players did not enter the market when the price were at their highest points.
BTC/USD We expected Bitcoin to find support close to $6,250 but it plunged down to $6,120.45 on July 12.
Still, if the bulls defend the zone between $5900 and $6075, the digital currency can form a double bottom.
However, until confirmed by a bullish price action, we can’t take a trade on the basis of this divergence alone.
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