Will BTC return above $20k USD? #2nd-Observation
Peace,
Good day to you content creators,
Bitcoin (BTC) chart describes a considerable decrease in value for the past 2 weeks when I analyze the 24 hours candles.
The value of the token has been moving sideways for a short period, but prices are showing signs of correction and slowly maintained a positive position. As if it was going up the market gives us a different configuration. It was giving chills to all the crypto fans this week when the prices fall on the way toward the closest resistant line at around $16400 USD. The present price of BTC is set at $16600 USD. The moving average curves have clearly crossed right at the dropping of value date. The price stabilization is expected to happen according to the current course of price evolution extending over the next couple of weeks. I share the opinion of many crypto analysts that the price could fall even more before returning to the higher value previously attained. In any case, the situation should be under regular monitoring, besides it is wise to hold your bag of tokens or convert part of your gain into a stable coin BUSD or DAI.
It is important to never invest more than you can afford to lose. The opinions given in this article are only for educational purposes. Please I strongly stress the point of conducting your full detailed research on the crypto you are targetting before any action in this volatile market.
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Posted Using LeoFinance Beta
Posted Using LeoFinance Beta