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Bitcoin what's going on? a bit boring lately.

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Mario Carotenuto
@trade60
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Lately, just open any article on google to read headlines on the collapse of Bitcoin or its disappearance. But it won't be like that. His movement has been a bit boring in the last few days. In recent days, the movement of BTC has been in decline, the causes have been: the US treasury announces actions against crypto laundering, BTC mining consumes as much as an average state, slow transactions that do not suggest its use as a common currency .

If we look at the BTC weekly chart, we see that it is simply a natural correction. For a year now it has done nothing but increase in price, such a correction is physiological. My opinion is that the uptrend remains unchanged. As for the previous problems they are solvable and now BTC aims to become the new gold.

As for the short term, BTC is fighting to break out of the $ 60,000 mark to reach $ 65,000. Next support $ 56300.

For me, corrections must be purchased.

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This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.

THE OPINIONS EXPRESSED BY THE AUTHOR ARE PERSONAL ONLY AND FOR INFORMATION PURPOSES AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.

Thanks for reading I look forward to your comments.

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