Why the Bitcoin Price Will Reject the Bulls and Crash Even Lower

2019-2-5 00:50

While financial forecasters are predicting a bullish 2019 for the bitcoin price, the cryptocurrency first needs to fight strong technical barriers in the near-term. It is becoming difficult for bitcoin bulls to initiate a substantial push towards the $3,480-barrier and beyond.

At the same time, their presence at the support area above $3,371 is stopping the price from further downside action. The situation has led bitcoin to remain rangebound, which is increasing the bearish sentiment in the near-term scenario. On the intraday/weekly level, bitcoin could now pursue another selling action thanks to two pressing issues: lower volatility and volume. Let’s

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Bitcoin (BTC) на Currencies.ru

$ 69956.42 (+0.64%)
Объем 24H $51.466b
Изменеия 24h: 0.00 %, 7d: 2.08 %
Cегодня L: $69499.4 - H: $70342.24
Капитализация $1399.177b Rank 1
Цена в час новости $ 3462.84 (1920.2%)

bitcoin price lower bulls near-term action crash

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