Source: TheMerkle.com
The Bitcoin market cycle indicator has once again entered a bear phase, signaling caution for investors.
From a valuation standpoint, if Bitcoin’s price falls below $56,000, the risk of a larger correction could increase significantly.
#Bitcoin market cycle indicator is again in BEAR phase (light blue area).
From a valuation perspective, if the price pierces $56K to the downside, risks of a larger correction increase. pic.twitter.com/dsOS9ZSoHZ
— Julio Moreno (@jjcmoreno) August 30,
Read More https://themerkle.com/bitcoin-market-indicator-signals-bear-phase-amid-major-exchange-outflows/
The post "Bitcoin Market Indicator Signals Bear Phase Amid Major Exchange Outflows" appeared first here TheMerkle.com.
Source: TheMerkle.com
