Tag: bitcoin

Bitcoin: correction is the time to buy

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex After updating its all-time high once again at $58,350, BTC/USD has started a deep correction. A lot of traders, who bought the asset at the top, are now at a disadvantage because the slump covered over $13,000. However, investors recommend to buy at the time of significant declines, that’s why the current correction may be considered as another attractive chance to enter the cryptocurrency …
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Bitcoin Still Correcting

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, February 23rd, the BTC keeps correcting, declining to 50,436 USD. It reached its peak of 57,640 USD on February 21st and has been declining since then. On D1, the pair bounced off the resistance level and keeps declining. The aim of the pullback is 23.6% Fibo. The MACD histogram is positive, declining, which increases the chances for further correction. The signal lines …
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Bitcoin: The Next Upside Target is at $55,000

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex Earlier today, Bitcoin updated its all-time high once again. However, the correction that took place on February 15th, 2021, made over 300 thousand traders close their positions with a total loss of $2 billion. Almost all these positions were long – traders are in a hurry to buy the cryptocurrency even when the asset is on the top. Still, more experienced investors recommend entering …
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