BITCOIN: panic sale possible BTCUSD
What is the current forecast? Brief update on Bitcoin BTCUSD
After the massive sell-off of over 8%, a first attempt at stabilization was made within the lower limit. Should the 32,100 mark be attacked again, however, a further downward impulse to initially USD 30,000 is to be expected. If at this point in time there is again no dominance of demand on the field, it can sometimes lead to a downright panic sale, which would further accelerate the impulse. A new movement low below 27,700 would then not come as a surprise.
From a technical point of view, the market up to the 35,100 mark can be classified as SHORT. Only a sustained break would neutralize the current short-heavy environment.
Always good trades!
Global Investa
Note:
Despite careful analysis, Global Investa accepts no liability for the content, topicality, correctness or completeness of the information provided. The information provided does not constitute investment advice, purchase recommendations or investment brokerage.
After the massive sell-off of over 8%, a first attempt at stabilization was made within the lower limit. Should the 32,100 mark be attacked again, however, a further downward impulse to initially USD 30,000 is to be expected. If at this point in time there is again no dominance of demand on the field, it can sometimes lead to a downright panic sale, which would further accelerate the impulse. A new movement low below 27,700 would then not come as a surprise.
From a technical point of view, the market up to the 35,100 mark can be classified as SHORT. Only a sustained break would neutralize the current short-heavy environment.
Always good trades!
Global Investa
Note:
Despite careful analysis, Global Investa accepts no liability for the content, topicality, correctness or completeness of the information provided. The information provided does not constitute investment advice, purchase recommendations or investment brokerage.
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