After gains were curtailed on Friday, there followed a weak Saturday, and a strong down day on Sunday. Monday, and crypto is still down, but is this the turning point now?
Bitcoin holding well
Bearish periods are always difficult to suffer for those new to the ebbs and flows of the crypto market. Bitcoin takes a 3% loss and it’s as though the sky has fallen on our heads.
However, as things stand, from the close of play on Friday until the current time on Monday morning, bitcoin has lost just 0.8%. A couple of nice wicks to the downside on the daily time frame show that these small dips have been bought up. Bitcoin currently sits on support at $37,400, and the market will now decide what comes next.
For bitcoin, as long as the price holds, that problematic area of $38,000 awaits. Friday saw bitcoin pierce through this resistance as far as $38,400, That said, it’s not going to be easy. For the positive side of things, two long wicks under the last two weekly candles testify to the pr
We współpracy z: https://cryptodaily.co.uk/2023/11/bearish-weekend-for-crypto-recovery-coming
