Market Timing: Why Bitcoin Could Sweep Lows Before A Bounce
Reading Time: 3 mins read
Bitcoin price is consolidating above $35,000, trying to build enough support to make an attempt at returning to local highs. Once there, if or not the bull run is still on will become a lot clearer.
But before that happens, there could be one more deep sweep of lows, according to a highly accurate market timing indicator. Here’s what the TD Sequential indicator – created by market timing wizard Thomas Demark – says about the current price action and what to expect in the days ahead.
Why Bitcoin Price Could Sweep Lows Before A Bounce Is Here
Volatility Ahead: Why The Chaos In Bitcoin And Crypto Is Only Beginning
Bitcoin price plummeted faster and lower than anyone expected, leaving behind a trail of liquidations and investors in shock. Crypto prices across the board tanked by more than 50%, and in most cases have already rebounded by at least 25% of what was lost.
The sudden rollercoaster after such a steep ascent makes sense, sending volatility soaring. Except even with this much mayhem across the market right now, it is still nothing compared to what the cryptocurrency is used to. This fact could suggest that the bull market has only just begun with the latest crash.
Two Paths Of A Bitcoin Bull Run, And If A Bear Phase Is Next newsbtc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsbtc.com Daily Mail and Mail on Sunday newspapers.