Update curtiousy of BWC crypto trading signals
Important Bitcoin update:
Well, yesterday we saw a huge pump in the bitcoin price and that happened because of the FUD about the USDT delisting from the Binance, but after a few hours Finance CEO came up with a tweet saying this is just a FUD and there is nothing real in the FUD. Bitcoin reaching high 7600 and then dropping like a knife back to 6700 today. This shows that how easily crypto markets are being manipulated, even a small volume can pump the Bitcoin!
Well, there are two possible scenarios, as there were the heavy resistance levels around 6800-7000 previously which were broken yesterday but again it it's under the resistance level and it is becoming strong as the time passing and the candles (1-4h) are closing below these levels!
We might see a drop again as it seems yesterday's FUD pump is losing its power and the rally slowing down already!
If we go down this time then we will see 5800-6000 levels again.
Trade safe team!
Use stop loss in all your trades before its too late! Nothing to worry atm but always have your mindset.