► Business Email: Skrillakingmarketing@gmail.com Today Bitcoin (BTC) dominance has begun to move to the upside, topping off at 71% as per coinmarketcap.com. The altcoins continue to bleed while Bitcoin (BTC) continues to outpace them. There are always assets up, but today Bitcoin (BTC) price action remains at a stand-still.
At $10,000 I do believe we run the risk of a lower low and a break to the downside. Equally so, we could see an increase in volume help carry us to an intermediary higher high and begin to break upward from this descending wedge we're in.
It's really touch and go and putting in a SHORT or LONG margin trade on Bitcoin (BTC) at this price could see you liquidated in daily swings.
Tread lightly, and buy the dips.
Also an anticipated report from BofA's periodic report on "The Biggest Pictures", published by Chief Investment Stategist Michael Hartnett has a lot of cryptocurrency investors talking. Interest rates hitting record lows for 2020 might cause market turmoil.
REPORT:
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#Bitcoin #Blockchain #crypto
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