Bears apply the pressure as Bitcoin price revisits the $41K ‘falling knife’ zone
“Don’t fight the trend” is an outdated saying in the markets, and there are different variants of the phrase like “never catch a falling knife.” The backside line is that merchants shouldn’t attempt to anticipate development reversals, and even worse, attempt to enhance their common price whereas shedding cash.
It actually does not matter whether or not one is buying and selling soy futures, silver, shares or cryptocurrencies. Markets usually transfer in cycles, which may final from a couple of days to a few years. In ‘s (BTC) case, it is onerous for anybody to justify a bullish case by taking a look at the chart under.
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