Weekends are usually pretty quiet for crypto markets. Unlike forex, digital assets can be traded around the clock and at weekends but old habits appear to die hard for traders. As we enter a new week there are big expectations for Bitcoin which could well make a move.
Mixed Outlook from Analysts
There has been virtually no movement on crypto markets for the past three days. Total market capitalization has hovered just above $170 billion which is $15 billion down from its 2019 highs last week. A push back to those highs could see markets reaching $200 billion again before the month is over however if Bitcoin fails to break key resistance levels, the consolidation could continue.
Analysts are generally mixed on short term price direction and some foresee a movement this week as technical indicators align again;
Not much difference from previous posts. Would not be surprised to see some action tomorrow, as weekends often are quiet.
Do expect this RSI support to be broken this…
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