Seeking Alpha
2021-07-31 10:11:00

Bitcoin: Misunderstanding This Market Can Be Costly

BTC-USD is making a valiant attempt to establish a position above the $40,000 handle.However, it appears that this rally has been supported by an erroneously reported news and the cryptocurrency market’s flawed analysis of the underlying price trend in BTC-USD.Recent rallies in BTC-USD shouldn't be viewed as a true reversal in market sentiment and long positions should be avoided based on its significant potential for downside volatility.

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