One Threat Could Overturn Overwhelmingly Bullish Bitcoin Sentiment In Q4

bitcoin btcusd monthly close 980x449

Bitcoin just closed its best third quarter on record and only one of three quarterly closes above $10,000. It has set the crypto market on fire recently with overwhelmingly bullish sentiment heading into Q4. But bulls must be careful of a looming threat to the crypto market that could send Bitcoin back into bearish territory and put it at risk of a steeper decline. Here’s why. The One Factor That Could Bring Bullish Bitcoin Sentiment Back To A Harsh Reality After a third-quarter close in Bitcoin for the record books, the sentiment is exuberant once again, and investors are expecting new highs in the crypto market any day now. The first-ever cryptocurrency reclaimed an important high timeframe resistance level and flipped it as support. What happens next will set the tone for 2021. Q1 of this year kicked off with starry-eyed investors expecting a rise from the bear market due…

Read the original article here