Trick or Treat
If you look closely at the latest “spooky” Bitcoin’s dip, you will find many bullish elements as well. As anticipated, the market was looking for a retest of the first support area
If you look closely at the latest “spooky” Bitcoin’s dip, you will find many bullish elements as well. As anticipated, the market was looking for a retest of the first support area
Bitcoin price action is a perfect remake of what happened between Aug. and Oct. 2020. Then, $12,000 was the last resistance before reaching the previous all-time high.
Technical analysis is a handy tool for traders, but it is not an exact science. Chart patterns may appear different to each analyst based on their biases.
No matter what asset class you are trading, the principles of demand and supply are the leading indicators to understand where the trend is heading next.