Bitcoin Could Plunge 50% with November-Like Dump amid Low Volatility: Analysts21

Bitcoin has struggled to cleanly break out of the $4,000 resistance level and remain above it for more than three months, staying in a tight range between $3,300 to $4,000. If the dominant cryptocurrency fails to test $4,000 again and slips, traders foresee the Bitcoin price declining to the $3,300 to $3,500 range. “$4,400-$4,500 area is where I intend to hedge if we go up. If break down, keep an eye for absorption below $3,330 (HTF liquidity pool). The $2,500-$2,850 area is where I start buying spot if no absorption and we break-down to new lows,” a trader said. But,

The post Bitcoin Could Plunge 50% with November-Like Dump amid Low Volatility: Analysts appeared first on CCN

Original source
https://www.ccn.com/bitcoin-could-plunge-50-with-november-like-dump-amid-low-volatility-analysts

Add comment

Please Sign in to be able to leave comments.