{"id":416155,"date":"2020-02-26T21:00:47","date_gmt":"2020-02-26T21:00:47","guid":{"rendered":"https:\/\/uniquehot.com\/?p=416155"},"modified":"2020-02-26T19:54:17","modified_gmt":"2020-02-26T19:54:17","slug":"bitcoin-buy-zone-crypto-analyst","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-buy-zone-crypto-analyst\/","title":{"rendered":"Bitcoin Bounces Off Buy Zone, Accurate Crypto Analyst Says Its Time to Hold"},"content":{"rendered":"

Following a widespread financial market selloff<\/a> across many asset categories over the last week, repeatedly tested Bitcoin support finally gave way, causing an epic crash.<\/span><\/p>\n

The selloff caused Bitcoin price<\/a> to bounce off what one analyst calls the \u201cbuy zone,\u201d claiming its now time to hold while the cryptocurrency enters a new bull market. And given how accurate the analyst\u2019s calls have been over the last two years of price action, it may actually finally be time to go all-in on Bitcoin.<\/span><\/p>\n

Bitcoin Stee Selloff Bounces Perfectly Off Buy Zone<\/h2>\n

Bitcoin price<\/a> just broke below $9,500 after repeated tests of the support line, causing the first-ever cryptocurrency to crash down to well below $9,000 just 24 hours later<\/a>, reaching a low of $8,650.<\/span><\/p>\n

The selloff in cryptocurrencies comes after two months of an uptrend, adding over 60% in value to individual assets.<\/span><\/p>\n

Related Reading | Coronavirus Fear Shakes Up Markets, But Crypto Remains Unaffected\u00a0<\/a><\/strong><\/em><\/p>\n

The collapse in the crypto market was due to a greater financial market crash<\/a> over growing fears surrounding the coronavirus potentially turning into a pandemic.<\/span><\/p>\n

With fear so strong across the globe, the selloff was exceptionally strong.<\/span><\/p>\n

But even as powerful as the bearish momentum was, the leading cryptocurrency by market cap is already bouncing.<\/span><\/p>\n

Bitcoin price<\/a> is now trading at $8,800 after a bounce from lows.<\/span><\/p>\n

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Price just touched the buy zone again [as predictable after yet another parabolic rise]. This is\/ was the time to buy if you hadn't at 6K, or 3K or the 6K range again…. pic.twitter.com\/9cGaNCUS2Y<\/a><\/p>\n

— dave the wave\ud83c\udf0a\ud83c\udf13 (@davthewave) February 26, 2020<\/a><\/p><\/blockquote>\n