Bitcoin’s Bear Market Begins Once It Breaks Below This Level
This reminds me of the carny hawkers of old: “Round and round it goes, where she stops, nobody knows!”
Economist: Bitcoin’s Bear Market Begins Once It Breaks Below This Level
In the near-term, Alex Krüger, an economist who focuses primarily on cryptocurrency, explained that he believes the sub-$9,000 area is an attractive region for “shorts to target and longs to open,” meaning that this may be where it dips to before finding enough buying pressure to catalyze its next uptrend.
“Area below 9K is very attractive for shorts to target and longs to open. Excessive leverage has been largely rinsed out. Bigger picture players are still looking at new year highs. I still expect higher prices prior to the halving and think once 10300 breaks should see 11K soon,” he explained in a tweet from his alt account.