{"id":1933,"date":"2021-11-07T22:56:16","date_gmt":"2021-11-07T15:56:16","guid":{"rendered":"https:\/\/cryptoinsider.asia\/?p=1933"},"modified":"2021-11-07T22:56:18","modified_gmt":"2021-11-07T15:56:18","slug":"why-the-analyst-warns-not-to-sell-btc-right-now","status":"publish","type":"post","link":"https:\/\/cryptoinsider.asia\/vi\/why-the-analyst-warns-not-to-sell-btc-right-now\/","title":{"rendered":"Why the analyst warns not to sell BTC right now?"},"content":{"rendered":"<ul>\n<li>\n<h6>Bitcoin consolidates right below Fib level that triggered 2013 all-time highs<\/h6>\n<\/li>\n<li>\n<h6>Technical data contrasts with sideways price action as analyst warns not to sell BTC at $62,000.<\/h6>\n<\/li>\n<\/ul>\n<blockquote><p>Bitcoin (BTC) continued to track sideways on Nov. 7 amid warnings that now is &#8220;not the time&#8221; to sell BTC.<\/p>\n<\/blockquote>\n<p>Data&nbsp;showed BTC\/USD lingering near $62,000 throughout Sunday.<\/p>\n<p>The pair had continued a flat period over the weekend, as market participants waited for signs of volatility up or down.<\/p>\n<p>While impatience was palpable as the week drew to close, words of caution came from those eyeing longer timeframes and historical price patterns.<\/p>\n<p>&#8220;What goes on during a sideways period for BTC like now? Buyers &amp; sellers are exchanging coins with each other. Buyers buy a bit. Sellers sell a bit,&#8221; Rekt Capital summarized to Twitter followers.<\/p>\n<p>&#8220;But if you think about where $BTC will go over the next months: You realise now is not the time to be selling.&#8221;&nbsp;<\/p>\n<p>Others eyed the weekly close for signs of bullishness. For fellow popular Twitter account TechDev, a two-week close over a key Fibonacci level would mean BTC\/USD was echoing its progress fro<\/p>\n<p>&#8220;Closing a 2-week candle above the 1.618 is what fully sent 2013. Consolidating right below now,&#8221; he noted Saturday.<\/p>\n<p>At the same time, the price-performance between 2017 and 2021 remains uncannily similar \u2014 firmly placing this year within historical norms, as Cointelegraph reported.<\/p>\n<h4>Price highs meet lows in attention<\/h4>\n<p>Looking beyond immediate market behavior, the mood remained undeniably bullish \u2014 not only on Bitcoin, but Ether (ETH), Solana (SOL), and altcoins more broadly.<\/p>\n<p>Only consumer interest, as before, lagged behind market momentum. Data from Google Trends for &#8220;Bitcoin&#8221; highlighted the lack of activity related to price action, according to Cointelegraph.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) continued to track sideways on Nov. 7 amid warnings that now is &#8220;not the time&#8221; to sell BTC.<\/p>\n","protected":false},"author":1,"featured_media":1707,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Bitcoin (BTC) continued to track sideways on Nov. 7 amid warnings that now is \"not the time\" to sell 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