Post
Topic
Board Bitcoin Discussion
Re: Short term trend of Bitcoin currently
by
Asiska02
on 29/06/2024, 20:46:40 UTC
Currently, Bitcoin's short-term trend remains bearish. It has yet to confirm any bullish trend reversal. Crypto analyst Josh said in his latest analysis that Bitcoin is still showing a short-term bearish signal. He also said Bitcoin has seen a repeat of past price movements.Analyst Josh checked the Bitcoin chart, he found that the DXY (U.S. Dollar Index) was trending higher, making higher lows and higher highs, indicating a bullish trend for the DXY. Since Bitcoin was around $67,000. When DXY trends upward, it usually means bearish momentum for Bitcoin and vice versa.

Bitcoin has been bearish and everyone knows that. It is very obvious that bitcoin is holding up strong and can be a great sign for a dependable asset to be invested in. Don’t get too confident with this analysts, they are mostly on the trading aspect of bitcoin and to earn well in their trade during periods like this before the market recovers back. If you’re on that trend, please discard yourself from it as a long term investor and holder. Bitcoin will be an asset that you’ll earn greatly from and not regret from the investment you’ve done in them. Do your research about it to avoid disturb or think that your bitcoin will be lost forever or won’t make anything of it.