Q: Bitcoin fell below $76,000, down 1.9% for the day. What impact does this have on the market?
A: It’s bearish, but are people being too pessimistic? We’ll have a clearer picture if we wait a day or two. Price action is more convincing when confirmed by trading volume; relying on news alone can easily lead to misjudgments.
$BTC , 24h -0.62%.
A: It’s bearish, but are people being too pessimistic? We’ll have a clearer picture if we wait a day or two. Price action is more convincing when confirmed by trading volume; relying on news alone can easily lead to misjudgments.
$BTC , 24h -0.62%.
