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Iran Tension! Prepare For a Bitcoin DIP Anytime Soon!

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zdigital222
@zdigital222
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Bitcoin price is currently at $62,000 at Binance charts. What a start of the week all major cryptocurrencies were on a rally rise in price. Currently, Bitcoin is dipping down to $60K.

The 24-hour chart shows a perfect 'ladder' rise to $63k.

Despite the threats of government authorities on cryptocurrencies regulations, still Bitcoin, Ethereum, and most cryptos are surging higher in prices. Recently, LBRY Credits won a lawsuit against the SEC, apparently that led to the surge in buy trades for these cryptocurrencies.

What Goes Up Must Come Down

Looking at charts, and also hearing from the news today, especially a new tension in the Middle East concerning Iran's nuclear enrichment program there can be a possible effect on crypto and stock prices in the coming days.

The 7-day chart below shows almost a 90-degree rice of BTC price over the last 5 months. Is this right for the picking? The pattern shows a perfect dip or fall somewhere in few weeks.

Well, if you believe you are bullish till the end, so you can 'buy the dip'. As I have predicted the price of Bitcoin in previous articles, it could possibly crash.

Share your thoughts, too.

Cheers!

Posted Using LeoFinance Beta