Bitcoin tumbles after crossing $20K in topsy-turvy trading on Tuesday and Wednesday but its price managed to climb higher than a week ago. Now it's changing hands at approximately 19,330~19,600.
Even though the market is volatile during the week, one good sign is the price holding above the two EMA and is likely to continue to be supported. Bulls need to break through the current consolidation range to reassure its slight advantage and $21,200 is awaiting if they succeed. Alternatively, ~$18,700 would be crucial support if the market sours.
Even though the market is volatile during the week, one good sign is the price holding above the two EMA and is likely to continue to be supported. Bulls need to break through the current consolidation range to reassure its slight advantage and $21,200 is awaiting if they succeed. Alternatively, ~$18,700 would be crucial support if the market sours.