Bitcoin surged to around $87,000 last night, just about $500 short of touching the high from the end of last September.
According to a report by CoinDesk, two media outlets reported it, and then sell orders pushed it back below $86,000. This is the second time in a week that it has surged higher without managing to hold.
Beginners may easily interpret “approaching the previous high” as a breakout signal; however, this time it didn’t even reach the prior high before turning back.
Not investment advice.
#BTC
According to a report by CoinDesk, two media outlets reported it, and then sell orders pushed it back below $86,000. This is the second time in a week that it has surged higher without managing to hold.
Beginners may easily interpret “approaching the previous high” as a breakout signal; however, this time it didn’t even reach the prior high before turning back.
Not investment advice.
#BTC