Final Capitulation — 5 reasons why Bitcoin could bottom at $10,000 By Cointelegraph
[ad_1]
Final Capitulation — 5 reasons why Bitcoin could bottom at $10,000Bear markets have historically been challenging to navigate for traders and the conventional set of “reliable” indicators that determine good entry points are unable to predict how long a crypto winter might last.
Bitcoin’s (BTC) recent recovery back above the psychologically important price level of $20,000 was a sign to many traders that the bottom was in, but a deeper dive into the data suggests that the short-term relief rally might not be enough proof of a macro-level trend change.
Continue Reading on Coin Telegraph
[ad_2]
Source link
Final Capitulation — 5 reasons why Bitcoin could bottom at $10,000Bear markets have historically been challenging to navigate for traders and the conventional set of “reliable” indicators that determine good entry points are unable to predict how long a crypto winter might last.
Bitcoin’s (BTC) recent recovery back above the psychologically important price level of $20,000 was a sign to many traders that the bottom was in, but a deeper dive into the data suggests that the short-term relief rally might not be enough proof of a macro-level trend change.
Continue Reading on Coin Telegraph
About The Author
