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Mapping out a recovery route for Bitcoin after Black Friday stint
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ambcrypto.com26 November proved to be the worst day of the month for the crypto market with even Bitcoin charting an acute drop. However, this Black Friday is probably not going to have any long-term implications. That is of course, provided the king coin can maintain its position above certain levels. These indicators will also act as the first sign of a bearish turn.
Even though the king coin turned red yesterday after an entire week of consolidation, there are chances that Bitcoin could soon recover from its 8.1% drop. However, looking at the short-term bullish case, it is imperative for Bitcoin to make sure that it doesn’t breach certain thresholds.
Firstly BTC needs to retest the bull market support band. The short-term holder cost basis chart makes
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El Salvador celebrates Black Friday, buys 100 BTC for 20% off cointelegraph.com /2 years ago
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