Home Blockchain News Why the Latest Bitcoin Dump Could Actually Launch the Crypto Market into Bullish Territory

Why the Latest Bitcoin Dump Could Actually Launch the Crypto Market into Bullish Territory

by Rss Feed from web
165 views
cryptocurrency news feed

The bitcoin price on Wednesday depreciated as much as 2.56 percent on the back of a stronger US dollar. Paradoxically, that might not be such a bad thing for the crypto market. The bitcoin-to-dollar exchange rate (BTC/USD) bottomed at $3,340 on an intraday basis, while retesting the low of January 29 trading session. There was a little attempt from bulls to reverse the price action with the bearish bias intact. Nevertheless, the pair consolidated above $3,340, which served as an opportunity to reclaim $3,400 in the near-term. Bitcoin’s Six Triangles In our previous analysis published Monday, we had predicted a

The post Why the Latest Bitcoin Dump Could Actually Launch the Crypto Market into Bullish Territory appeared first on CCN

Click To Read Full Article

* First published on ccn.com

Related Posts

Leave a Comment