Post
Topic
Board Trading Discussion
Re: What is Bitcoin up since after Dump?
by
andriarto
on 04/12/2021, 02:53:05 UTC
Traders like me has wondered the next move for bitcoin. Ever since the dump that happened few days ago, it's been almost stagnant at $63k.

What does your technical analyst say about it?
I think it's natural to happen in a market where the movement is unpredictable, and we can only predict it. when it reaches the new ath it will experience a saturation phase, and finally a price correction occurs. During the correction phase, many traders actually used it to buy and eventually the price rose again, until it consolidated, which can be said between the seller and the buyer is balanced, so that later a trend will form again after breaking through support or resistance.