Bitcoin Selling Intensifies; Support at $30K Could Stabilize Correction

2022-2-28 19:27

Bitcoin (BTC) extended losses from the Asia trading day, although lower support at $30K could stabilize the correction. There are initial signs of downside exhaustion worth monitoring. Still, momentum signals remain negative, which suggests limited upside from here.

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Here’s Why Bitcoin Could See One More Correction Before Its Uptrend

From last week’s highs, Bitcoin sustained a heavy correction into Saturday. The cryptocurrency fell from $16,000 to a low of $14,300, marking the first large correction of the recent uptrend. The cryptocurrency has since bounced back as the markets have turned risk-on once again on news of a seeming Biden presidency. While the Nasdaq futures […]

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