BTC/USD Analysis: The 30% Drop [Video]
|Bitcoin had traded up to a record high earlier this month, just shy of $8000 before finally relenting in recent days to violently overbought daily readings. This has now opened deeper setbacks over the weekend and while the market has come into good support, the monthly chart warns of more declines ahead.
In this analysis, we take a look at BTCUSD each day to highlight all of the need to knows for anyone looking to extract good information on major levels and relevant trends, both short term and longer-term. The analysis is designed for the trader, investor and even those simply holding the new crypto asset as it works its way into the mainstream. The market has reached liquidity levels where technical analysis has become relevant.
The BTCUSD update is new each day and is presented with an added layer of animation, in an effort to make the analysis as engaging as possible, while also communicating the message with respect to key trends and levels in an easy to understand, seamless manner with good value add to all.
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