42 days ago • Posted by Paul de La Baume
Bitcoin momentum fades #Bitcoin #crypto #TechnicalAnalysis #trading
Bitcoin failed to hold key psychological level of $50,000, currently trading at $47,800. On a technical level the largest crypto is caught in a no man's land as buyers most likely prefer remaining on the sidelines until it either reaches key support levels or if it climbs back and holds solidly above $50k. The key question will be whether Bitcoin is too hot, and if adoption amongst institutional investors will continue, fade, or accelerate going into 2022.