The post Bitcoin (BTC) Price May Form the Bottoms Below $12,000! Here’s When it May Rebound! appeared first on Coinpedia Fintech News
The crypto space appears to have switched to a recovery mode as the Bitcoin price marked levels beyond $17,000. While the bears continue to mount significant pressure, the tokens continue to hold above the lower support. However, the ongoing upswing is expected to prevail only for a while as the asset remains bearish in the longer timeframe.
A famous analyst, Willy Woo marks some resemblance in the previous rallies in 2015 and 2018. Based on the price trends then, he keeps some levels, that he believes the token could reach in the coming days. In an interview with Scott Melker, Woo says that Bitcoin has just begun with a sideway trend as the buyers have stepped in to hold above the support.
“It’s that time in the cycle really that the accumulation does come in, right? People buy, they put a floor on the price, the volatility drops. And we saw t
We współpracy z: https://coinpedia.org/bitcoin/bitcoin-btc-price-may-form-the-bottoms-below-12000-heres-when-it-may-rebound/
