Three crucial crypto charts to track right now
If you don’t live and breathe crypto, it can be tough to figure out what’s going on and how to approach the market. That said, there are ways to make sense of it without overcomplicating things. So here are three charts to help you check the market’s temperature – and what they’re saying now.
Chart 1: Bitcoin (BTCUSD)
Bitcoin spent the past few weeks trying to launch above the big $100,000 per coin mark. And now that it’s perched above it, it should ideally stay above it to keep its bullish momentum intact (and the overall momentum of the crypto market, for that matter).
The rationale here is pretty simple: six figures is now a key psychological level for investors – and dipping back below that would make them a bit edgy….
