Last week, Bitcoin price formed a recovery phase after the drop earlier this month. However, the recovery phase is not yet complete and further increases are expected.
The price is approaching the resistance convergence zone of 61000-64000.
However, the price is entering a downward trend from B to C – a period when the price moves the fastest and strongest.
So, please limit your buy orders. Be patient and wait for the price to recover to the resistance convergence zone above, and ensure all reversal factors are in place before entering the market.
Always adhere strictly to risk management rules to ensure a steady and sustainable income stream
We wish investors smart and effective strategies. Stay tuned for the next Bitcoin price updates
By. Pham Thanh Bien
