BTC/USD Forecast: Pullback After Previous Move Higher

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Bitcoin Pullback After Previous Move Higher Trading Forex BTC

Enter your emailEven if you are not trading Bitcoin, the reality is that you need to pay close attention to it as long as you are interested in crypto at all.That being said, the market had previously seen three positive days in a row, and if we are in fact trying to do something along the lines of stabilizing or perhaps even trying to put in some kind of bottom, we will have a lot of noisy behavior like that.

Either way, I think we are going to see a lot of noisy behavior so you need to add slowly, and I think given enough time this might end up being a bit of a bottoming process. Whether or not it is here or lower is still an open question, but at this point it certainly looks as if we are putting up a fight.even if you are not trading Bitcoin, the reality is that you need to pay close attention to it as long as you are interested in crypto at all.

If the market turned around and started rallying, you would more likely than not have the ability to buy most alt coins as well. I am positive longer term, but I recognize we still have a lot of concerns.

 

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