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The mood has followed the slump in Bitcoin prices. As the positive medium-term outlook remains unchanged, there is even a chance of a tactical recovery.
The important support level for Bitcoin at USD 100,000 has been broken. Now, a top formation is on the cards. Investors seem to have only limited concerns about this.
Cryptocurrencies, especially bitcoins, have had a weak week. The technically important mark of 107,000 US dollars did not hold, and now a reversal formation is on the cards. Confidence is waning.
Sentiment has cooled, and the strategic bias is rising sharply. The data situation at sentix looks promising for bitcoins: the TD index is giving a buy signal.
A lot has happened since the ‘party mood’ we measured for bitcoins at the beginning of the month. Prices have taken a significant hit and the party mood has evaporated.