Bitcoin course still under pressure: Does a crash line up to $ 20,000?
Bitcoin course still under pressure: Does a crash line up to $ 20,000?
The Bitcoin course continues to fight with the continuation of its climb. After briefly exceeding the $ 31,000 mark a few days ago, the course has decreased slightly again and is currently around $ 30,000. The market is waiting for positive signals that could enable an outbreak from the sideways. The question is whether there will be a new crash towards $ 20,000.
In the past few weeks, the Bitcoin course has increased the $ 30,000 mark. However, the course has stabilized after this increase and has only moved sideways since then, within a span of $ 30,000 to $ 31,000. The course has tried several times to break the resistance at $ 31,000, but so far without success. An increase towards $ 35,000 is possible, but the resistance remains.
The likelihood of a larger price movement increases with the duration of the sideways. The longer the course remains in this phase, the more likely a outbreak. However, the likelihood of another crash also increases, since the course has bounced several times on the resistance. A crash in the direction of $ 25,000 or even $ 20,000.
It remains to be seen how the Bitcoin course will develop in the coming days and weeks. The market is eagerly awaiting positive signals that could continue the upward trend. A new crash towards $ 20,000 is being discussed, but is not yet predictable. Investors should keep an eye on the possible developments and make their investment decisions accordingly.
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