Bitcoin and altcoins continue to rally as stocks surge and investors show their excitement that the upcoming Fed rate hike will note exceed 0.25%.
about Bitcoin’s rally but the longer the price sustains above $20,000, the greater the possibility that the macro low may have been made in November. If the next decline forms a higher low, it could further confirm that the worst may be behind us.
Contrary to this assumption, if the index fails to sustain above the downtrend line, it will suggest that bears are active at higher levels. On the downside, buyers are likely to guard the psychological level of 100 because if this support cracks, the selling could intensify and the index may tumble to 97.
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