Since Late Last Year The Great Bitcoin Price Has Fallen Even Beyond Expectation leaving a lot of bitcoin dealers in imaginations of when the cryptocurrency will increase in value again. But the main reason this will almost never happen has been because;
Low trading volumes are complicating bitcoin price recovery:
which means the price at which bitcoin is being traded by traders are affecting the market value. I don’t think this is true but I’m sure some of you will agree that some buyers want it to even go lower so they can keep some for when next it climbs up again.
** A close (as per UTC) above the 20-day MA of $6,400 would allow a rally to $6,838 (inverse head-and-shoulders neckline + upper Bollinger Band).**
On the downside, a break below $6,000 (February low) would shift risk in favor of a drop to $5,755 (June 24 low).
