Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: sirty143 on February 18, 2019, 03:36:37 AM
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In the last couple of days, Bitcoin has taken a position above the $3,600 mark. Despite doing so in a dramatic surge last week, there has been lack of enough pressure to push prices beyond this range.
After initially encountering resistance at the $3,670 position, the coin has not retested the position or even traded close to it since. Fortunately, the crypto leader has persistently remained above $3,600 which sets it up well for the next bullish charge. But, the lack of buying pressure in the last couple of days could be a sign of the bearish trend coming back.
Although its lack of volatility in the last couple of days has been admirable, it is concerning for many who believe it’s weakening its chances of a bullish charge. See more for yourself here (https://zycrypto.com/bitcoin-btc-lacking-buying-pressure-to-push-it-beyond-3600-sign-of-bearish-players-coming-back/).