BITCOIN - Market's Bearishness
Updated
The recent decline in bitcoin has intensified again, and its downward candlesticks are long-bodied candlesticks, which is very worrying. The falling candlesticks indicate the heavy sales of investors and the market's bearishness.
Bitcoin has experienced good growth in the last two weeks, taking back all its past profits from its investors in just 4-5 days.
Currently, the $38,800 minor support of Bitcoin has been lost.
Bitcoin is now close to the $37,000 channel, and its volume has not increased significantly. $37,000 is good support for it.
Bitcoin has experienced good growth in the last two weeks, taking back all its past profits from its investors in just 4-5 days.
Currently, the $38,800 minor support of Bitcoin has been lost.
Bitcoin is now close to the $37,000 channel, and its volume has not increased significantly. $37,000 is good support for it.
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