Trader psychology remains same. And here is perfect example from last few weeks. Red arrows depict large dumps and green arrows for reversal points. It is possible that bitcoin going to reverse from this price. Only resistaces are 59700 and 62500. If we overcome these then we’ll see another bullish rally.
Not a financial advice. Trade with care.
It went like I said, From now there are two probabilities either we’ll stable at this level for couple of hours or may be days or if not, we’ll see zone of 56000-58000. But later situation is less likely to be happen. We are still in Uptrend and can expect 100k in next few weeks.
