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Bitcoin slows down at 70k as Nvidia keeps consolidating [Video]

Bitcoin slows down at 70k as Nvidia keeps consolidating [Video]
Gregor HorvatGregor HorvatWavetraders

Cryptos are bullish no doubt, but I am just wondering if 70k on bitcoin, will be strong resistance in the short-term, now when NVIDIA is coming down a bit. I see nice support for NVIDIA near 800. Not sure if we will see this level, but it looks like that correction on stock is not finished yet, so possibly there will be a delay on new break higher on cryptos if stocks would really pull back for end of the month and end of the quarter flows. Also, don't forget on the Easter holidays which can certainly have an impact on the markets.

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Author

Gregor Horvat

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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