Bitcoin market corrections
Bitcoin Begins First Major Bull Market Correction Since $10, Breakout The leading cryptocurrency by market cap shocked Wall Street and the rest of the world over the last few months. The asset has broken nearly every record related to it but fell just shy of breaking its all-time high before a strong correction began. Nov 16, · Pro Trader Peter Brandt Points To Possible 37% Correction In Bitcoin Based On Past Bull Markets Bitcoin price is up 20% in November alone. From the early September bottom to the recent high, in less than three months the leading cryptocurrency by market cap added more than 65% to its total value per BTC. Dec 21, · At percent higher, Bitcoin logged its best week since April The benchmark cryptocurrency ascended to its lifetime record level of $24,, up as traders assessed its growing prominence as an emerging safe-haven alternative among institutional investors. The sentimental shift towards Bitcoin occurred as some of the most traditional hedging assets reflected a medium-term .
Bitcoin market correctionsCorrection in Crypto Market: Bitcoin Below $ 23,, XRP Drop Affected Altcoins! - Regard News
Bitcoin supports this week. Meanwhile, the prospects of more dollar declines—especially on the stimulus news—could have Bitcoin RSI climb further into the overbought territory. That would mean another retest of its all-time high, followed by the possibility of touching more record highs into unchartered territory. Could you be next big winner? I consent to my submitted data being collected and stored.
Reading between the lines, Brandt is warning that a correction is coming and that buyers need to beware. Crashes typically lasted less than a month in most examples. But why the recurring number when it comes to cryptocurrency bull market corrections? The answer can be found in mathematics, potentially. That range is a sweet spot for the 0. It is not clear why this mathematical relationship with price action exists but can be used strategically to find potential levels where support may exist and buyers could show up with strength.
The level could be intuitively an attractive value to investors at that point, prompting the sudden interest. Could you be next big winner? I consent to my submitted data being collected and stored.