Medium-term risks for BTCUSD:23.03.2020
Hello friends.
We expect a decrease in the price of bitcoin as part of an upward correction to the level of 5000.
At a price of 5000, we recommend buying in order to take profits at the level of 8000-8500.
Overall, our expectations are pessimistic regarding medium-term growth. The market behavior model has changed and now tells us about the great risk of retesting a minimum and possibly reaching a price of 3000, possibly lower.
Good luck to all!
We expect a decrease in the price of bitcoin as part of an upward correction to the level of 5000.
At a price of 5000, we recommend buying in order to take profits at the level of 8000-8500.
Overall, our expectations are pessimistic regarding medium-term growth. The market behavior model has changed and now tells us about the great risk of retesting a minimum and possibly reaching a price of 3000, possibly lower.
Good luck to all!
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