Bitcoin Battling the 59K Area Again

in LeoFinance2 years ago

This area has come into play a bunch this year and it is indeed in play again at the moment.

After the sell off that saw price drop into 55k prices bitcoin price has made a modest bounce. To no surprise it has paused around 59k and the current daily candle is red, though it is still early in that day.

If price fails here that would not be a good sign and puts 53K on the table.

The video below delves into it more....

BTC Battling 59K

Posted Using LeoFinance Beta

Sort:  

I have read that the fear index is rising
Will this affect the price negatively?

On one hand I'm excited for btc to launch again, but on the other hand.. I'd like to see the current market trend continue.

I guess we wait and watch.

Posted Using LeoFinance Beta

Yep, all we can do is watch in the end. I will buy any major dips though.

Posted Using LeoFinance Beta

58k gang is back.

For BTC to raise,it will decide by DXY. If the DXY break the higher high, BTC will sell but if DXY start selling, you know BTC will be in bullish trend.

Posted Using LeoFinance Beta

I wouldn't be surprised if BTC does indeed dip to $53k while some alts profit on the move downwards. Hard to predict anything anymore in crypto.

Posted Using LeoFinance Beta