RE: Bitcoin rejected at 200 DMA, will break it soon.

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Bitcoin rejected at 200 DMA, will break it soon.

in hive-175254 •  3 years ago 

hello @karamyog,
we are coming out of a bull run for months and many people are already waiting for a new bull run, in my view the market has not made the necessary correction to bring the price of cryptocurrencies back to record highs. This means that cryptocurrencies are likely to lose value very quickly, but when a price floor is established they will rise back to record highs.

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In my opinion, the correction was enough. more than 50%. the increased risk in the markets is what has prolonged this correction i feel.