Bitcoin: Before you take long trades of BTC’s $20k breakout, read this
— Shortterm, Btcs, Long, Price, Bitcoin, Read, Bitcoins, Breakout, Trades, Billion — 1 min read
Bitcoin broke the $20,000 mark against all odds on 14 July. At press time, Bitcoin was at a 5.55% rise in the last 24 hours of 15 July. Bitcoin’s market cap also recovered from $376 billion to $391 billion at the time of writing. The Relative Strength Index (RSI) has also seen some upside post 13 July. The current state of the crypto market may mean that Bitcoin has still not overthrown the extreme volatility plaguing it. However, the short-term price upticks almost guarantee bullish believers of relief for Bitcoin maximalists but, let's not forget that it does not signify the end of the selling pressure. The main question is – Will BTC continue its upward trajectory? Source