Hello crypto crazies well bitcoin and all crypto has seen a huge sell off. The amount of FUD that is surrounding crypto is UNREAL. Dont rush to judgement just because you read an article dive into the topic and dont just trade on headlines. As we saw last night all the reporting coming out of South Korea turned out to be rushes to judgement. NOTHING is final the idea that they will ban crypto was the thought of ONE person in the entire South Korean government. Far from it becoming law.
Bitcoin as at a critical juncture in time. ill be watching to see that the price doesnt close below the current trend line formed by the 50% fib level. if the price closes below this we should expect to see further downward movement to the next support at the SMA100. However if the price holds at the %50 fib we should be ready to see confirmations of a trend reversal.