False Breakout Led BTC $400 Down. Could It Stay Bullish?
Following yesterday’s analysis in the last 24 hours, a large price movement took place in Bitcoin.
In the end, and at the moment the breakthrough turned out to be false: bitcoin went back a bit. However, at the time of this writing, the coin is struggling to stay on top of the upward support level of the trend line.
What can be said - this is a crypto - unexpectedly, and the whales still control the markets. It looked very optimistic, but now, after breaking through the ascending line, it is easy to begin a deeper correction of the bear side.