“Not A Convincing Move,” Bitcoin Analyst Asserts After Price…

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“Not A Convincing Move,” Bitcoin Analyst Asserts After Price Hits $16K.
As of 1000 GMT, the BTC/USD exchange rate topped for the day at $16,169, a level last inhabited in January 2018 when the set was fixing lower after developing its record high near $12,000 the previous month. A greater selling pressure above the level triggered the set to remedy lower right away. He included that BTC/USD would refuel itself at a medium-term rising trendline– holding as assistance– prior to trying to break bullish above $16,000 once again.

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