Bitcoin Reaches a Critical Junction; What Analysts are Watching For

Bitcoin Reaches a Critical Junction; What Analysts are Watching For


It has been a wild past few weeks for Bitcoin and the crypto market, with the benchmark cryptocurrency posting massive gains while the rest of the market also shows continuous signs of strength Altcoins are beginning to take the spotlight as BTC’s rally begins stalling, with the selling pressure at $19,000 slowing its ascent while Ethereum and smaller altcoins all rocket higher Where BTC trends in the near-term will depend entirely on its continued reaction to $19,000 One trader is noting that Bitcoin is now at a junction, with its near-term trend potentially being a pivoting point for its mid-term outlook

Bitcoin has been flashing some signs of immense strength throughout the past few days and weeks, with the selling pressure seen at around $19,000 being quite intense.

Where the market trends in the mid-term will depend entirely on this level, as a rejection here could be incredibly dire.

Trending: Hot Mic Catches Trump’s Powerful 7-Word Message to Brother of Fallen Cop

That being said, a break above this level

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Send this to a friend