Bitcoin Is Looking at a Short-Term Bull Reversal if Prices Pass $7,400

Cryptocurrency

Stepping back, the cryptocurrency ran into selling pressure near $7,350 on Nov. 24 and fell to six-month lows near $6,500 on the following day. The drop, however, was short-lived and prices quickly rose back to $7,380 before printing a UTC close at $7,159 on Nov. 26. The recovery from $6,500 to $7,159 represents the long lower shadow of the hammer and the spread between $7,350 and $7,159 represents the body.

Products You May Like

Articles You May Like

Celsius had ‘insufficient’ accounting and operational controls, says examiner
Billionaire investor Bill Ackman says ‘crypto is here to stay’
FTX hacker dumps 50,000 ETH, still among top 40 Ether holders
FTX-owned Liquid exchange pauses all trading after withdrawal halt
Crypto sleuth debunks 3 biggest misconceptions about the FTX hack

Leave a Reply

Your email address will not be published.