The post Why Does Bitcoin Still Require Correction After ETF and Halving? Why Are Markets Perplexed Following a Bullish Event? appeared first on Coinpedia Fintech News
A fresh wave of volatility has hit the crypto markets as the prices of the majority of the cryptos have been fluctuating close to their support levels. Meanwhile, the Bitcoin price is also facing equal bullish and bearish pressure, which suggests a major price action is on the horizon. However, the question remains why the BTC price is facing immense upward pressure despite the bullish sentiments hovering around the star crypto.
Bitcoin reacted well to the previous resistance between $65,650 and $64,200 and completed 5 impulse waves, which indicated that a corrective wave may soon begin. Besides, a regular divergence was seen between the two peaks, which later formed a ‘head and shoulder’ pattern, resulting in a breakdown from the trend line
As the chart suggests, the BTC price continues to trade wit
We współpracy z: https://coinpedia.org/price-analysis/why-does-bitcoin-still-require-correction-after-etf-and-halving-why-are-markets-perplexed-following-a-bullish-event/
