Sunday 20 September 2020

Could major stock markets drag bitcoin down again

Bitcoin bounces... but will this drag it down again? As we had anticipated, bitcoin has bounced off the key weekly 21 EMA and respected that level. We have also seen a strong break through the falling downtrend line. All the signs of a bull market are likely on the chart of BTC. But could the action on the major stock markets drag bitcoin down again? We look at the charts. Video by Alessio Rastani.