Bitcoin prices stall – Why BTC’s recovery isn’t confirmed yet
The monthly cumulative Bitcoin demand has turned positive after nearly three consecutive months of low demand.
The monthly cumulative Bitcoin demand has turned positive after nearly three consecutive months of low demand.
A bounce fueled by short-squeeze mechanics is possible in the short-term, but the long-term trend was firmly bearish.
Swing traders can remain sidelined until the volume trends improve.
The quick foray to $0.065 has receded by 5.19% in under 8 hours.
The H4 swing structure has shifted bullishly, and the $1.41 retracement level has been tested as support.
A bullish divergence between the price and momentum hinted at a brief price bounce.
TRUMP's rejections from the $3.6 resistance zone hinted at new local lows in the coming days.
Rising Binance inflows hint at pressure building beneath Bitcoin’s latest recovery attempt.
Rejection at $1.50 hints momentum may already be fading for Memecore.
After a violent move, prices tend to consolidate and go sideways to build up liquidity in either direction.
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© 2018 JNews by Jegtheme.