was trading lower on hump-day, as bullish sentiment slightly faded, following yesterday’s price surge./USD dropped to a bottom of $31,286.15 earlier today.
This drop comes as bitcoin bulls likely decided to liquidate positions, despite prices climbing over the recent resistance of $30,500.Typically after such a breakout — especially after weeks of consolidation — momentum extends, however bulls seem uncertain about further increases, hence why some have abandoned positions.
Looking at the chart, this may be due to the fact that they spotted the ceiling on the 14-day RSI of 51, which hasn’t been broken in three months. However, should relative strength move beyond this area, then we will likely see a surge heading towards $34,000.
I continue to regularly allocate usdt to buy these two promising projects.
..a tricky month is upon us!
Bitcoin is now up to $31,000
So the bull run isn't starting I guess. Well, more time to buy crypto on Bitfinex for me!
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Source: Daily_Forex - 🏆 567. / 51 Read more »