Dash vs Bitcoin – Wait And See

During last four weeks, Dash lost to bitcoin 50%, falling from BTC 0.0975 to the current low at 0.0482. It was not just a downtrend but more like a free-fall, a very sharp decline indeed.

But today Dash approached a strong support, where price is approaching the long-termĀ uptrend trendline. Currently, it looks very uncertain as to what will be the outcome of this, whether it will break below or reject the support.

As the trend is strongly bearish, the probability remains higher for the downtrend continuation, but the best approach is just to wait and see what happens.

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