Why A Bitcoin “Head Fake” Is Bulls’ Best Hope
After weeks of sideways consolidation, Bitcoin suffered a nasty breakdown from its range and a 10% intraday plunge. The scenario, however, could potentially be a whats referred to as a “head fake” — that in the coming weeks reverses back to above $31,000. If not, a more sustained downtrend is also possible. Historic Bollinger Band […]
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Although things may seem objectively bad right now, there is reason for hope.