Bitcoin is sliding, and the technicals point lower with clear RSI divergence and a possible descending triangle. But this could all change fast. Trump’s crypto working group is set to propose major changes by 23 July. If the news points to deregulation or a return of ICOs, Bitcoin could explode higher. In this video, we break down the chart, the risks, and the potential trigger that could flip sentiment overnight.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.