Why Bitcoin Market Is Definitely Being Suppressed Into Going Down? Deeply Market Analysis
We're definitely still seeing weakness.we have to acknowledge that the marketing bitcoin is not extremely bullish.we've seen a lot of rejection come into the market bitcoin especially around at this price level around 19,490 every time the buyers lift this market up it gets rejected and comes back down.
It looks like we're trying to go through.we really need to wait and see how the market continues to hold on that selling this is the training range that is occurring into the marketing bitcoin.how would you play this because the market currently is still little strong.
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I will have to wait and see if the buyers are going to appear are they going to buy more bitcoin as price comes down.I really need to see that I turn bullish into the market and bitcoin and expect the price to trend higher.I am going to wait I don't see any emphasis of market strength coming to the market.
I would say we could possibly see strength coming to the market if the marketing like one is going to be able to hold the weakness currently is still coming into this particular cryptocurrency.where the marketing bitcoin wanted to break it doesn't look bullish.
I mean what it is the market doesn't look like it wants to continue to trend higher in this particular space.we have to be patient until we see that bullishness coming to the market and we're not seeing it check this out.we can tell buyers are trying to hold price.you can see how wide this spread.
I would expect the volume to increase a little bit higher in bitcoin. but the spread is smaller.we really haven't seen price move that could signify a bitcoin is about to occur in the long term.we could possibly see the market in bitcoin over the next couple.the market is definitely being suppressed into going down.
I'm gonna go ahead and play the upside movement.we're going to Simply expect the market and bitcoin and try and hire my two price targets it not really expecting too much to occur out of this cryptocurrency.
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