Crypto trader FilbFilb told his 10,000 followers on Twitter he’s long on Bitcoin, and expects the price of BTC to remain choppy for the short term.
$BTC chop suey for the next little while.
Expect Some noice bounces on offer as everyone lets their bias, emotions and leverage go on tilt.
— fil₿fil₿ (@filbfilb) February 25, 2019
Right now, the market is mixed, with Bitcoin holding around $3,829 after its weekend run-up to just over $4,200, followed by Sunday’s sharp reversal.
CoinDesk’s Omkar Godbole says a key indicator suggests Bitcoin may have hit a bottom as technical analysts work to picture the path forward.
FXStreet – Bitcoin bulls fall into bears’ trap
Blockonomi – Selling rallies a good idea
FXStreet – Flash crash refreshes lows around $0.2982
Blockonomi – Key reversal could trigger more losses
FXStreet – Trouble could still be around the corner
Image via Marco Verch/Flickr