Crypto Daily – Another week is passing by, and (BTC) is still holding the major support at $58,000. A lot of fear is still permeating the market – can Bitcoin survive the monthly and weekly close in a viable position?
It’s always darkest before the dawn
The waiting goes on. Bitcoin holders from previous bull markets will probably know that with the number one cryptocurrency, it’s always darkest before the dawn. Many must have experienced selling when things seemed as though recovery was impossible.
This sideways and downwards trajectory has dragged on for 170 days, and if the weekly and monthly closes aren’t positive – will this herald a new, and sharper decline in price?
Only the market knows what will happen next. For those that have been holding all this way, the decision needs to be made to either sell, and potentially take a loss, or to hold firm in the knowledge that Bitcoin is vastly superior to fiat currencies, and that as governments continue to…
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