BTC Short - regulatory challenges & low trading volumes
Bitcoin is hanging onto strong horizontal support by a thread. There are regulatory challenges, with bad news coming in from the SEC. Then there are the reports of fake trading volume on Binance implying that Bitcoin is far less traded than people previously thought. Given this news, can expect more outflows from Bitcoin and selling pressure on the price.
To play it safe, wait for it to break through the support line first. Target is the next horizontal support line around 20k.
To play it safe, wait for it to break through the support line first. Target is the next horizontal support line around 20k.
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