While the BTC suffers from a loss of -1.28, the traditional financial markets suffer from the fear of the investors due to the pandemic risks. Some experts also suggest that these huge drawdowns to algo-trading
Current support / resistance: $7'300 / $ 9'200
SMA(20) and SMA(200) are on the verge of a golden cross. The Bitcoin keeps a small RSI around 35 which is almost oversold. Unless there is some buying pressure coming back, the Bitcoin could once again hit its $7'300 support.
Disclaimer: This is our way of communicating with our community. It is meant to be used for informational purposes not to be mistaken for financial advice. Our opinion, when shared, is just that, it may not apply directly to your individual situation. Any information gleaned here is to be used at the readers' own risk, SwissBorg does not accept any responsibility for individual decisions made based on reading our daily blog. Any information we provide on our daily blog is accurate and true to the best of our knowledge, there may be omissions, errors or mistakes. Copyright © 2019 SwissBorg, All rights reserved.