Bitcoin blasted thru all bunch of major resistance then sells off like crazy.... Bull Trap!!?
Bitcoin needs to hold the yellow trend line, at least.
Not surprised to see Bitcoin doing this here.
Upon all seriousness the markets are still uncertain due to the Macro economic environment.
I think the reason for the BTC upside is the fact that a lot of Shorts got liquidated (Short Squeeze) plus there are some positive stuff happening in Crypto in other countries.
All this Celsius, BlokFi, FTX, Voyager, 3 Arrows Capital and probably a bunch I missed, has already been priced in IMO.
This is a very interesting time in the world with one of the biggest shift in monetary policy we will ever see in our life times.
Any who, hope you are positioned well as we head into uncharted territory as the World is changing faster and faster by the days passing.
Good Luck Out There!
Bitcoin needs to hold the yellow trend line, at least.
Not surprised to see Bitcoin doing this here.
Upon all seriousness the markets are still uncertain due to the Macro economic environment.
I think the reason for the BTC upside is the fact that a lot of Shorts got liquidated (Short Squeeze) plus there are some positive stuff happening in Crypto in other countries.
All this Celsius, BlokFi, FTX, Voyager, 3 Arrows Capital and probably a bunch I missed, has already been priced in IMO.
This is a very interesting time in the world with one of the biggest shift in monetary policy we will ever see in our life times.
Any who, hope you are positioned well as we head into uncharted territory as the World is changing faster and faster by the days passing.
Good Luck Out There!
The Bitcoin Bulls gotta show up and break the $25500 marker (eventually) to meet up $29K.
BTCcould re trace to the bottom of this fib, its gotta hold or more downside.
Good Luck Out There!