FxPro analysts: If the downward trend of Bitcoin continues, the support levels of $63,000 and $61,000 are very important.

avatar
ODAILY
08-02
This article is machine translated
Show original
Odaily Odaily News FxPro senior market analyst Alex Kuptsikevich said in an email: "If the downward trend of Bitcoin continues, the dynamics near the $63,000 and $61,000 levels close to the 50-day and 200-day moving averages will be important. The failure of this support will open the way to $55,000, which is very scary." He also said: "August is considered one of the worst two months for Bitcoin. In the past 13 years, Bitcoin has only risen 5 times and fallen 8 times in the month. The average decline is 15.4% and the average increase is 26%. "(CoinDesk)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
1
Add to Favorites
Comments