If Bitcoin Doesn’t Break Records Immediately, It Wouldn’t Be The Worst, Trader Postulates
After its surge above $ 40,000, and a correction back to almost $ 30,000, (BTC) has rallied once again. However, stopping before climbing back past highs near $ 42,000 could be good for the asset, according to Brian Krogsgard, a trader and podcaster who goes by the name of LedgerStatus on Twitter. “Bitcoin’s correction was healthy in a strong bullish environment, which means going back to the 20-day moving average,” Krogsgard told Cointelegraph on Thursday. “With a strong rebound now, it’s time to see if it will continue to the upside immediately, or spend more time in a prolonged consolidation, which I think would be healthy.” Source: TradingView.com Continue reading on Coin Telegraph
Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business
losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading
financial markets, it is one of the riskiest investment forms possible.