12 days ago • Posted by Paul de La Baume
#Bitcoin - rebound in play? $BTC #crypto #trading #technicalanalysis #charts
Bitcoin is still consolidating after a treacherous week hurt by the fiasco in crypto markets. On the positive, it has maintained above USD20'000, with USD19'500 being a solid long-term support level. Trading action in the last few days suggests it is still in a negative downtrend, as it remains below a descending channel. Perhaps a turn in sentiment for risky assets could fuel a rebound.