Bitcoin SPECULATION - Moving Forward
This is entirely based on speculation and not an analysis.
With an inverted head and shoulder formation in the coming weeks will be comforting news for the crypto peeps.
RSI & MACD aligns with the view of weakening bull ahead and possibly a bear emergence. July, August, September are likely to be tough to the stock market. Historically and situationally, the weakness in stocks market could have a certain degree of correlation with the crypto movement.
BTC proves to be more stable despite the Friday wall street sell-off. BTC had a huge dump in the march wall street sell-off but we have seen decent stability thus far. The major difference between pre-march and today's situation is the endless printing of dollar by central banks in the past few months to tackle the impact in the economy due to the virus.
Good to note, ever since BTC halving, BTC has remained stable and I view this as good health to the coin.
More to watch & All the best!
With an inverted head and shoulder formation in the coming weeks will be comforting news for the crypto peeps.
RSI & MACD aligns with the view of weakening bull ahead and possibly a bear emergence. July, August, September are likely to be tough to the stock market. Historically and situationally, the weakness in stocks market could have a certain degree of correlation with the crypto movement.
BTC proves to be more stable despite the Friday wall street sell-off. BTC had a huge dump in the march wall street sell-off but we have seen decent stability thus far. The major difference between pre-march and today's situation is the endless printing of dollar by central banks in the past few months to tackle the impact in the economy due to the virus.
Good to note, ever since BTC halving, BTC has remained stable and I view this as good health to the coin.
More to watch & All the best!
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