ZEC I've been following this one very closely the last several days and I think a local bounce seems logical BUT btc still looks pretty uncertain. ZEC went 30% from the recent…
Original source excerpt
$ZEC I've been following this one very closely the last several days and I think a local bounce seems logical BUT btc still looks pretty uncertain. ZEC went 30% from the recent highs w/o much of a bou…
$ZEC I've been following this one very closely the last several days and I think a local bounce seems logical BUT btc still looks pretty uncertain. ZEC went 30% from the recent highs w/o much of a bounce, it's at the 0.5 fib, at $1000 psychological number, etc. If bitcoin can find a local bottom then I think that zcash also moves 10% up or something. With that said, I don't know where THE bottom is for this one. I think it's likely in the 800s but I could be wrong. If you're long here then you are assuming bitcoin has locally bottomed and ZEC will have a mechanical bounce. For longer term buyers, I would consider waiting or if you buy here, you have a longer term hold in mind.
AI context is not available for this statement. The original source can be read independently.