28-28.5 K pullback
Morning folks,
With SEC problems to put under control Coinbase/Binance, attack on G. Gensler from some Senators and Congressmen and BlackRock bill to register ETF have changed BTC background significantly. If everything will be realised, then it will be absolutely different market in terms of regulation. It will loose freedom but a lot of money will be pour in.
Thus, all this stuff is reflected in price. Market confirms bullish context, but now stands at overbought. So, we expect tactical bounce to 28-28.5 K-support area, and intend to consider it for long entry. Mid term upside target now is around 36-38K area
With SEC problems to put under control Coinbase/Binance, attack on G. Gensler from some Senators and Congressmen and BlackRock bill to register ETF have changed BTC background significantly. If everything will be realised, then it will be absolutely different market in terms of regulation. It will loose freedom but a lot of money will be pour in.
Thus, all this stuff is reflected in price. Market confirms bullish context, but now stands at overbought. So, we expect tactical bounce to 28-28.5 K-support area, and intend to consider it for long entry. Mid term upside target now is around 36-38K area
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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