Bitcoin saw a big bump in price of around 9%. Furthermore, analysts say that markets are under heavy emotional pressure causing a lot of volatility. How long will market will be affected by the COVID-19 and is there still room for opportunities?
Current support/resistance: $6'000/$6'700
During the past weeks markets have seen huge volatility spikes du to the pandemic fear and emotional trading. Bitcoin halving might lead to a supply side shortage which in turn could eventually increase the price. Shall we expect whales to buy in before the halving?
MACD is in the green. The RSI is slowly getting back on track with a 45. High volatility has still been present for the past two weeks.
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