The prospect of a rounding bottom was invalidated a few weeks ago. This week, we've witnessed a small recovery rally.
Nevertheless, the time lapsed since bitcoin broke under 4k has been too short for adequate accumulation. While 2.5-3.5k could be considered the accumulation zone, it's very likely for us to revisit the lows in the coming weeks. A prolonged range-trading period shouldn't surprise anyone.
Nevertheless, the time lapsed since bitcoin broke under 4k has been too short for adequate accumulation. While 2.5-3.5k could be considered the accumulation zone, it's very likely for us to revisit the lows in the coming weeks. A prolonged range-trading period shouldn't surprise anyone.
Comment:
Indeed retreated from around 4.2k Let's see if 2.5k will be touch on the lower bound.
