Bitcoin Suffers Enormous Drop After Breaking $12,000 – BeInCrypto

Bitcoin Suffers Enormous Drop After Breaking ,000 – BeInCrypto

  • -Bitcoin is facing long-term resistance at $11,500.
  • -The trend has shown considerable weakness in the daily time-frame.
  • -The price has likely begun an A-B-C correction.
The Bitcoin (BTC) price created a massive bearish engulfing candlestick on August 2, possibly indicating that the upward move has ended and a corrective period awaits. The long-term movement, however, still looks healthy. Bitcoin Fails to Close Above Long-Term Resistance During the week of July 27-August 3, the Bitcoin price increased considerably, going from a low of $9,917 to a high

×

BeInCrypto Premium – Register for FREE now.

Valdrin Tahiri

Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

Follow Author

Want to know more?

Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans!

Oct 21, 2018 2 years ago

Oct 28, 2019 9 months ago

Apr 3, 2019 1 year ago

Jun 4, 2019 1 year ago

Feb 24, 2020 5 months ago

Jun 12, 2020 2 months ago

May 27, 2019 1 year ago

Apr 21, 2020 3 months ago

Oct 29, 2019 9 months ago

We are discussing it in our Telegram Channel

Join

We are discussing it in our Telegram Channel

Join

{“vars”:{{“visitorLoginState”:”logged-out”,”visitorType”:”visitor-logged-out”,”visitorEmail”:””,”visitorRegistrationDate”:””,”visitorUsername”:””,”visitorIP”:”3.124.45.175″,”pageTitle”:”Bitcoin Suffers Enormous Drop After Breaking $12,000 – BeInCrypto”,”pagePostType”:”post”,”pagePostType2″:”single-post”,”pageCategory”:[“bitcoin-analysis”],”pageAttributes”:[“btcusd”,”premium”],”pagePostAuthorID”:58,”pagePostAuthor”:”Valdrin Tahiri”,”pagePostDate”:”03/08/2020″,”pagePostDateYear”:”2020″,”pagePostDateMonth”:”08″,”pagePostDateDay”:”03″,”postID”:87000,”postFormat”:”standard”}} }

Leave a Reply

Your email address will not be published. Required fields are marked *