Bitcoin Fundamentally Bullish, But Near-Term Technical Forecast Could Be Gloomy

Bitcoin and the aggregated crypto markets have once again faced a bout of downwards pressure today that have led most cryptocurrencies to drop several percent, with BTC briefly falling below $11,000 before finding some buying pressure that allowed it to climb higher.

Now, analysts are noting that BTC is currently facing some levels of technical weakness, but its fundamentals have never been more bullish, which may ultimately translate into an extension of the positive price action it has incurred over the past few months.

Original source

Add comment

Please Sign in to be able to leave comments.