Auto Added by WPeMatico

How The Xi Pump of 2019 Backs Up Bitcoin Bearish Retest Theory

Several signs now suggest that Bitcoin’s recent pump to $11,000 that failed to hold could have been a bearish retest and rejection from support turned resistance. And while a bullish retest taking place at the same time has buyers confident, price action closely resembling last year’s Xi pump could be bad for the cryptocurrency. Bitcoin Bearish Retest Theory Gains Ground Due To Comparison With 2019 The recent possible “top” at the 2020 high of $12,400 shares many parallels with the top in 2019 when Bitcoin was rejected from $13,800. For one, both instances reached levels of extreme greed, In 2019,…

Continue Reading How The Xi Pump of 2019 Backs Up Bitcoin Bearish Retest Theory

End of content

No more pages to load