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How did Trump's statements affect Bitcoin? Here is the latest situation.
Crypto News – If we look at the Bitcoin charts on a weekly time frame, even though the MACD indicator still shows a get dumped trend, we seem to have somewhat slowed down the bear momentum. Frankly, we are not receiving the intense bear signal we received at the beginning of March or the end of February. On the weekly Bitcoin price chart, the bear divergence dominance that we have warned about since the beginning of this year continues. This tells us that we should not expect a good upward momentum at least in the short term.
When we examine the structure present in the 3-day Bitcoin price chart, we see that we are constantly rejected from the resistance area located between 86 thousand dollars and 88 thousand dollars. As long as the Bitcoin price continues to be rejected from this resistance range, it is being pulled towards the 70 thousand dollar range that we have been talking about for months.
As long as the downward movement in the Bitcoin price continues, we can especially expect strong demand at 74 thousand dollars. To be clear, the Bitcoin price is currently fluctuating within this important range and is not giving a more significant signal. Since there are currently not many upward signals in the cryptocurrency market, we can evaluate the potential in pre-sale projects.
The information contained in the article is for informational purposes only. It does not constitute any investment advice. The author and kriptoparahaber.com are not responsible for any profit or loss resulting from your investments. Ultimately, investing is based on many foundations such as information, savings, experience, research, and personal decisions.
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