Bitcoin Weekly testing support
To many extents, this pull back by Bitcoin could be considered healthy, testing new support before continuing up. But as many know, this pull back is being blamed on the SilverGate bank closure.
But while the fundimentals appear to be spelling Doom and Gloom for Crypto, I am still looking at how Oversold it all is now. We have around 2 weeks till the FED announces its next trate rise, which is now considered by many to be 50 points. Has BTC now priced that in ? Is it a good time to buy BTC ? Do You still have Faith in BTC ?
Simple answer is no on e knows whats coming But if Bitcoin can hold this line of support over the weekend, it surely points towards strength.
Crypto has more than one bank involved and many are still very much Solvent
Long term, I remain bullish - short term, I remain cautious
But while the fundimentals appear to be spelling Doom and Gloom for Crypto, I am still looking at how Oversold it all is now. We have around 2 weeks till the FED announces its next trate rise, which is now considered by many to be 50 points. Has BTC now priced that in ? Is it a good time to buy BTC ? Do You still have Faith in BTC ?
Simple answer is no on e knows whats coming But if Bitcoin can hold this line of support over the weekend, it surely points towards strength.
Crypto has more than one bank involved and many are still very much Solvent
Long term, I remain bullish - short term, I remain cautious
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