$BTC Will Bitcoin have a rebound today?
At the moment, Bitcoin is seeing short-lived rebounds after a deep drop overnight. I think a strong price rebound is coming—will the price hold up when it rebounds? I think it’s very possible. Yesterday, the price kept falling to the ~82.5 zone, but every dip like that was pulled back up, showing that the bottom-fishing demand is quite strong. Meanwhile, when the price rises, profit-taking pressure is very large and drags it back down again, creating a vicious cycle. As for today, I have the feeling that the price will be held around the peak and move higher more strongly. It seems a big pump is coming—the chart is very compressed.
$BTC
#btc
At the moment, Bitcoin is seeing short-lived rebounds after a deep drop overnight. I think a strong price rebound is coming—will the price hold up when it rebounds? I think it’s very possible. Yesterday, the price kept falling to the ~82.5 zone, but every dip like that was pulled back up, showing that the bottom-fishing demand is quite strong. Meanwhile, when the price rises, profit-taking pressure is very large and drags it back down again, creating a vicious cycle. As for today, I have the feeling that the price will be held around the peak and move higher more strongly. It seems a big pump is coming—the chart is very compressed.
$BTC
#btc