Bitcoin Testing the Crucial $20,000 Level: BitcoinCrash Bitcoin price BTCUSD bitcointrading
This is an area that is a large, round, psychologically significant figure, and therefore if we were to break down below the $20,000 level, I think it opens up a rush of new selling. The previous session formed a hammer, so if we were to break down below it, that would also signify rather negative pressure.On the other hand, if we were to rally from here it’s likely that we will see significant selling pressure above.
If you are a longer-term trader, then you can buy little bits and pieces, but a short-term trader has to be looking to the downside, and the downside only.
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