Supsnehal avatar

BTC Update

supsnehal

Published: 16 Apr 2019 › Updated: 16 Apr 2019BTC Update

BTC Update

The current price of Bitcoin has been hovering between $5000-$5200 . It does seem that the price is consolidating from the last pull-back.BTC price seems to have stabilized in the current price level despite the momentary drop below $5000 (in chart below ), proving that $5000 is beginning to look like a support level.

IT would be a good idea yo have short-hedge positions around the $5200 level. This is based on the fact that BTC has been rejected several times near 5200..Increasing alt exposure seems like a good idea as there seem to be some coins that are prime to shoot up after the recent pullback.

If this post is older than 7 days, please support by upvoting my latest post upvotelatest post view latest post

Leave BTC Update to:

Written by

Crypto-enthusiast.

Read more #cryptocurrency posts


Best Posts From Supsnehal

We have not curated any of supsnehal's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.

More Posts From Supsnehal