Bitcoin Deep Technical Analysis Recent Dip Explained!
By Alex May 27, 2021
Bitcoin has been the talk of the town recently, and in this video update Alex breaks down why the recent selloff took place. It is no secret that crypto has grown in popularity, with Bitcoin market cap reaching over 1 trillion at peak. Heck, even some countries use Bitcoin as a store of value. In addition to the technical reasons, overseas regulations have also sparked weakness and concern. Investors now ponder the potential environmental impact that Bitcoin has, along with what could be done to shift the mining network to renewably sourced energy. Add on top of this over-leveraged traders, and you have the perfect storm for events such as the recent sharp selloff in the space. Tune in as he takes you through the charts, discussing where he expects Bitcoin to be headed from here.
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