Bitcoin [BTCUSD] fell today almost to the price of 12 thousand USD per coin. We remind you that it dropped from 19 thousand. This correction has been expected by many participants in the cryptocurrency market as a chance to buy the most attractive cryptocurrency at the best possible price. The 13 thousand price currently coincides with the rising trend line and with last week's low. So, from a chart analysis point of view, we have a fairly interesting moment for purchases.
Interesting buying prices are also lower, in the area of the psychological threshold of 10 thousand and then at the trend line that started in September 2017.
As a target for taking profits, the 18 thousand area below the historical high may serve us.
Risk warning: This article is for information and education only, reflects the situation as of its publication date and does not constitute investment advice, an offer or a recommendation to buy or sell any financial instrument. Trading leveraged instruments (Forex, CFDs) and crypto-assets carries a high risk of losing your capital. Past performance does not guarantee future results. Before investing, assess your objectives and risk tolerance and, if needed, consult a licensed adviser. Details: Disclaimer & Risk Warning.
Translated from the Romanian original with AI assistance.
