Bitcoin has yet again lost its grip on the $20,000 threshold and has slid towards the $18,900 area. This price action has dragged the entire crypto market, as most assets are now trading in the red.
Though the flagship currency has overtaken the immediate resistance at $18,500, the currency is still trading at $18,966, with a fall of 6.16% over the last 24hrs at the time of reporting. BTC is also down by more than 72% from its all-time high of $69,000.
A renowned crypto analyst and trader, pseudonymously known as Dave the Wave, claims that various Bitcoin indicators display bullish momentum for the currency.
Dave puts forward his new analysis where he informs his 126,900 followers over Twitter that the Bitcoin dominance has increased- which is another bullish indicator.
#BTC due a pump… pic.twitter.com/ndDhzVLK21 — dave the wave
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