The Medium-Term BTC Trend has Stopped
The weakness of buyers prevents the steady growth of Bitcoin’s price. However, we could still see a return to the steady upward trend, which started at $410. Potential scenarios for short-term trend development. Due to the fact that the current movement is against the primary trend, there are multiple bounces off the key levels. For a short-term trend to form, these key levels need to be broken through and fortified on, i.e. there is a need for a significant increase in either Bitcoin buyers’ or sellers’ strength, which hasn’t happened so far. This is why the price is now stuck between two....
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