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InvestmentsBears apply the pressure as Bitcoin price revisits the $41K ‘falling knife’...

Bears apply the pressure as Bitcoin price revisits the $41K ‘falling knife’ zone By Cointelegraph


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“Don’t fight the trend” is an outdated saying in the markets, and there are different variants of the phrase like “never catch a falling knife.”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.

Bitcoin price in USD at Coinbase (NASDAQ:). Source: TradingView
Bitcoin perpetual futures 8-hour funding charge. Source: Bybt.com
Bitcoin choices open curiosity put-to-call ratio. Source: Laevitas.ch