Profiting from Bitcoin in an uncertain market

Profiting from Bitcoin in an uncertain market by Egmarkets

Bitcoin is currently in a bearish trend on the daily time frame and is approaching the 30,648.17 demand area which has held price since around the 24th Jan 2021.

Traders looking for buy positions/entries in the 30280.47 support (demand) area should be watched. A break below 30280.47 extending to 28000 should give bearish traders further impetus to load up on sell positions.

There might be a temptation to jump into bearish trades because of the high volatility in the cryptocurrency market but remember that volatility comes with increased risk, so only trade with a strategy.

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Pan-African multi asset trading platform provider of #CFD trading.#ForexTrading made easy.

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Pan-African multi asset trading platform provider of #CFD trading.#ForexTrading made easy.

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