Since June 27, the bitcoin price has dropped from nearly $14,000 by more than 22 percent against the U.S. dollar in a relatively large pullback, leading the valuation of the crypto market to drop.
$BTC views update
– Mid/long term bullish.
-Short term bullish above 11500/11600, bearish below 11300.
– R: 11800, 12000, 12300, 12500.
– Key level above for bears to defend is 12300.
– If price moves below 11300, 10000-9650 is first larger target area. 50 DMA stands at 9760. pic.twitter.com/1Cns6bySxz
— Alex Krüger (@krugermacro) July 12, 2019
Still, despite the minor correction, the bitcoin price is up more than 210 percent year-to-date as one of the best-performing assets in the global market.
In comparison, other major crypto assets that tend to…