BTC Testing Key $41000 support
The correction in Crypto is getting more extended and we are coming up to some major support levels that will dictate at least the short term future on both Bitcoin and the whole Crypto market.
As stocks crashed overnight led by the NASDAQ, the background market sentiment was not helping either.
That being said buying dips in Stocks and in Crypto has been a winning formula for the last 2 years and we are looking for range trading or a rally if $41000 holds here.
Today's dip was further exacerbated by Kazakhstan cutting off its internet which dropped the hashrate 10% but is likely temporary but has to be overcome as well.
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As stocks crashed overnight led by the NASDAQ, the background market sentiment was not helping either.
That being said buying dips in Stocks and in Crypto has been a winning formula for the last 2 years and we are looking for range trading or a rally if $41000 holds here.
Today's dip was further exacerbated by Kazakhstan cutting off its internet which dropped the hashrate 10% but is likely temporary but has to be overcome as well.
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
“Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party."
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