Top 5 cryptocurrencies to watch this week: BTC, BNB, DOT, XEM, MIOTA
Cointelegraph
Published Feb 28, 2021 04:22PM ET
Updated Mar 01, 2021 06:20PM ET
Bitcoin (BTC) price has been correcting in the past few days and traders are curious to know whether this is a minor pullback or the start of a deeper decline. The problem is that no one has a crystal ball and analysts can only point to critical support levels that may hold based on historical data and evidence.
However, in a bear phase, the price tends to slip below key support levels as traders panic and sell out of fear, similar to how the price exceeds the upside targets during a bull run as traders buy due to FOMO.
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Written By: Cointelegraph
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