Bitcoin Rally Shouldn’t Excite the Bulls Yet, Trend Still Bearish

2018-12-21 17:41

The Bitcoin price appears to have bottomed out near the $3,000-level after falling more than 80% this year. The digital currency at press time is trading above $4,000, up over 30% within just a week.

It is clear that traders interested in the long-term aspect of Bitcoin have bought the dip. As a result, in. . .

The post Bitcoin Rally Shouldn’t Excite the Bulls Yet, Trend Still Bearish appeared first on NewsBTC.

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bitcoin bearish trend still shouldn excite rally

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Bitcoin Holders Expect Retrace, Will BTC Move Against Crowd Once Again?

Data shows bearish sentiment has spiked among Bitcoin holders, something that could actually work in the favor of the asset’s price. Social Media Users Have Turned Bearish On Bitcoin As explained by the analytics firm Santiment, traders have come into the new week expecting the price of the cryptocurrency to retrace towards the $27,000 to $29,000 range.

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