Is Bitcoin Poised to Pullback, Time For More Accumulation Before Bull Run?6

Major signals are flashing bearish at the moment for Bitcoin. While it has held on to gains this month a break higher has not been forthcoming so the only way for BTC in the short term could be back down again, at least according to a number of technical analysts.

According to TradingView’s charts Bitcoin is trading at $5,500 however this includes the ‘Bitfinex premium’. Elsewhere BTC prices are closer to $5,250 where they have been since the Tether imbroglio at the end of last week. Since the rally began at the beginning of April Bitcoin has hit a 2019 high of $5,650 on the 24th but has dropped back over the past few days.

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