Bitcoin Sees Sketchy Weekly Candle, Chances Of Pullback Increasing: Analysts3

Throw in the towel bulls — Bitcoin (BTC) has just printed its first mediocre weekly candle in over six weeks. With this, more and more analysts are becoming convinced that the crypto market is preparing for a drawdown and that a local top is forming.

And despite the fact that some cheery commentators are convinced that Bitcoin still has fuel in the tank, the short-term bear camp has continued to gain members. The intense euphoria of last week’s rally is no more, and BTC bulls have finally begun to relent.

Original source
https://www.newsbtc.com/2019/06/03/bitcoin-sees-sketchy-weekly-candle-chances-of-pullback-increasing-analysts/

Add comment

Please Sign in to be able to leave comments.