The Bitcoin price is having a hard time! And many altcoins are also deep in the red. In my new video I look at the current situation. First I take a look at the traditional markets. There are a lot of interesting things on the agenda this week that can have a major impact. For example, the inflation figures in the United States are announced.
Then I look at the bitcoin price. Which is on the weekly chart below 200 weeks moving average (MA) Closed. That’s one bearish sign and could be a possible signal for further declines. Where are the targets if this happens? You can see it in the video above! Finally, I review BNB (BNB), cardano (ADA), and ripple (XRP).
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