” href=”https://www.newsbtc.com/dictionary/bear/” data-wpel-link=”internal”>bear market support at $6,000 – which after a full year finally broke down to the real bottom.
Vodilna kriptovaluta po tržni kapitalizaciji je po vrhuncu junija 2019 naredila nekaj podobnega, ustalila se je približno konec decembra, nato pa je s črnim četrtkom pomenila najnižje padce, preden se je končno pomaknila višje. Bi ti namigi lahko pomagali zgraditi primer lažnega dna, ki se trenutno oblikuje v Bitcoinu?
” href=”https://www.newsbtc.com/dictionary/bear/” data-wpel-link=”internal”>Bear Market, Bakkt, And The Black Thursday Plummet
The last four years of Bitcoin price action have been a rollercoaster, and among the wildest ones ever. A speedy rise from under $1,000 to more than $20,000 capped off the 2017 rally, and sent all of the crypto market in the troughs of a " Preberi več
Price action grinded for months on end against the same support, but decreasingly lower highs – a signal of a downtrend. A lower low was finally formed in late November 2018, when Bitcoin broke down to its " Preberi več
Od tam so novice o potencialni kriptovaluti, ki jo vodi Facebook, in borzi kriptovalut Bakkt spodbudile bikovsko pripoved - s tem pa tudi cene proti 14,000 ameriškim dolarjem.
After the rejection, Bitcoin price action hovered sideways for another several months forming yet another false bottom. An early 2020 rally broke the downtrend, but again a false bottom gave way when all of crypto crashed on Black Thursday.
Bitcoin has once again found itself trading sideways, grinding against support that so far cannot be broken. Weeks worth of attempts have failed, and bears barely got a taste of below $30,000.
But that taste has bears salivating for more, and it is up to bulls to make sure Bitcoin doesn’t get there. The only problem is, the weekly Relativna Indeks moč has fallen to the level where in the past acted as the so-called “false bottom.”
When this phony bottom holds and a bounce follows, the rejection picks up enough momentum to get back through on the next attempt. The pattern fits the bill of an ABC correction, where the C wave is always lower than the initial correction A wave. B wave is in the opposite direction of the correction and may or may not have happened yet.
Will Bitcoin take another plunge through support eventually? What the cryptocurrency has on its side, is hope, and a rising trend line on the same Relative Strength Index. You can read the bullish take here.
