Hello friends ever since the bitcoin rally last year 2017, the Crypto market is seeing a lot of pain as the major cryptocurrencies has lost more than 80% of their value from the peak of January 2018. But things are changing for good now as Bitcoin the GRAND DADDY of all coins has made its double bottom near around USD 6,000 level.
Bitcoin had previously shown resistance around USD 6,500 level. It consolidated there for a couple of days and after breaking the resistance level it showed a small rally towards USD 7,400 level.
Now after the recent fall from the highs of 7,400 level it din't touch its previous low of around 5,800. This time it made a higher low around 6,150 level. This can be assumed to be a trend reversal as it happened in the past also. But some people will say:
Though it cannot be said clearly what would happen but it may be a tale-tale sign of reversal of the crypto market.
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