Home Cryptocurrency News Bitcoin Has Bitcoin Hit The Bottom Yet?

Has Bitcoin Hit The Bottom Yet?

4 min read
0
32

<div _ngcontent-c20 innerhtml="

Shutterstock

So is this it?

I’ve been sat on my hands snipping away at the odd coin or two while sitting on a pile of cash waiting to buy bitcoin (BTC) at $5,000, $2,000 or even $1,500?

Market timing is always really hard, levels not so much. I’ve been clear I think these levels can be hit but it’s taken a long time for the market to look like it was in the mood for another leg of the bitcoin crash.

Altcoin mining, a good indicator of market strength, has been good for the last few weeks, but suddenly it has died off, a very bearish sign and now bitcoin is tumbling as I write.

So here we are looking in the mood to bring me the levels I’ve been predicting so I can re-enter.

Credit: ADVFN

The bitcoin/dollar price in the last year

This has been my long-term call but BTC has been showing great resilience around $7,000 and this has left me wondering. Now it’s looking like bitcoin could capitulate.

” readability=”31″>

Shutterstock

So is this it?

I’ve been sat on my hands snipping away at the odd coin or two while sitting on a pile of cash waiting to buy bitcoin (BTC) at $5,000, $2,000 or even $1,500?

Market timing is always really hard, levels not so much. I’ve been clear I think these levels can be hit but it’s taken a long time for the market to look like it was in the mood for another leg of the bitcoin crash.

Altcoin mining, a good indicator of market strength, has been good for the last few weeks, but suddenly it has died off, a very bearish sign and now bitcoin is tumbling as I write.

So here we are looking in the mood to bring me the levels I’ve been predicting so I can re-enter.

Credit: ADVFN

The bitcoin/dollar price in the last year

This has been my long-term call but BTC has been showing great resilience around $7,000 and this has left me wondering. Now it’s looking like bitcoin could capitulate.

Let’s block ads! (Why?)


Source link