Altcoin Buzz: BITCOIN CRASHED BUT WE ARE STILL BULLISH!! THIS IS WHY!
We had a small bitcoin crash yesterday yet I am still bullish on bitcoin not only in the long term but also in the short term. The bitcoin price has been stabilizing over the past few hours and is possibly forming a higher low on the daily time frame. In addition, we have a small diagonal line that could still hold as support. Finally, we are above the 21D EMA, all of these suggest that bitcoin may be getting ready for a small move up from here.I am actually buying bitcoin at this price with a stop loss at the 11,000 level.
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The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
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