Bitcoin's price is going down, should we be worried?
A priori this is nothing very worrying, it is just a slight correction. As you can see below, Bitcoin's price is still above our green resistance which will now act as our support.
This drop appeared following the formation of this ascending wedge (yellow) + the fact of touching our violet resistance with too little volume to pass over it.
.PNG)
Since there was no particular bad news, this correction should not last too long. However, if we don't manage to stay above the 10k-10.2k$ this could become worrying.
Tell us what you think about it in the comments.
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@cryptotradingfr
This is a great time to accumulate
yes probably but I am waiting the time to sell it !
We cannot accumulate forever :)
Do you sell dollars ? (or your local currency ?) because in a few years times this will be a true means of exchange so you want have to sell it 😉
Don't forget to buy the DIP 😉 "BTFD"
Always buy the dip. Coins at 50% off is a bargain, you can then sell at 25%+, and at 50% + and take profit.
Yes I think we will be okay for now, it's nice to see the price against the green support line as context. I think this latest dip has just been amplified by new investors who are panicking.
Cryptocurrencies as a general have gone to sleep since January "no specific news" so everybody is losing interest in them (at least those that do not understand their use and power). Obviously this is better for a healthy growth, lets just keep our finger cross to stay above that 10k area.
Sneaky Ninja Attack! You have been defended with a 3.26% vote... I was summoned by @cryptotradingfr! I have done their bidding and now I will vanish...Whoosh
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Thanks for the heads up, but I still would like those 51 SBD 😂
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